Q4 2020 Market Reports

Total Page:16

File Type:pdf, Size:1020Kb

Q4 2020 Market Reports LEE-ASSOCIATES.COM/RESEARCH Q4 2020 MARKET REPORTS FEATURED MARKET REPORTS THE LEE ADVANTAGE Every Lee & Associates office delivers world-class service to an array of regional, national, and international clients - from small businesses and local investors to major corporate users and institutional investors. Our professionals combine the latest technology, resources, and market intelligence with their experience, expertise, and commitment to superior service to optimize client results. WHAT SETS US APART? Since 1979, Lee & Associates has reimagined the way that commercial real estate companies should be structured. Each Lee & Associates office is owned and operated by its professionals. As shareholders of the company, this separates us from our competition and creates one common goal; to provide seamless, consistent execution and value- driven market-to-market services to our clients. SERVICES TO MEET THE NEEDS OF OUR CLIENTS Lee & Associates’ offices offer a broad array of real estate services tailored to meet the needs of the company’s clients in each of the markets it operates, including commercial real estate brokerage, integrated services, and construction services. With specialty practice groups in each of these disciplines, our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. LOCAL EXPERTISE INTERNATIONAL REACH With offices in 60+ markets across North America and a strategic international alliance with Gerald Eve, Lee & Associates has the ability to deliver first-class services to our clients both locally and internationally. Q4 2020 INDUSTRIAL OVERVIEW 2020 GROWTH SOARS ON E-COMMERCE DEMAND FEATURED REPORTS Driven by pandemic-fueled e-commerce sales, 2020 tenant expansion outpaced last year’s total after • AZ, Phoenix a fourth-quarter surge in demand by companies seeking additional warehouse and distribution space • BC, Vancouver to improve supply-chain efficiencies. There were a net 99.2 million SF of industrial space absorbed in • CA, East Bay Q4 – the strongest quarter on record – and 203.7 million SF absorbed for the year, a 27% increase over • CA, Inland Empire East 2019’s net growth. An array of evidence supports the consensus that the lockdown was an accelerant • CA, Inland Empire West that gave several trends in commercial real estate a push. Despite damage to the labor market, national • CA, LA - Central and world economies, companies positioned for e-commerce have won a dramatically increased share • CA, LA - North • CA, LA - San Gabriel Valley of total sales. Consequently, skyrocketing online sales have intensified already-strong demand in key • CA, LA - South Bay - Port Markets markets for big-box and last-mile distribution facilities. • CA, LA - West • CA, Orange County Record-setting inbound cargo is straining U.S. ports, and officials nationwide are steaming ahead with • CA, Stockton / Central Valley expansion plans. As the year ended, dozens of container ships were anchored off the Los Angeles-Long • CA, Stockton Beach port complex waiting weeks for berths and with more ships arriving daily. • CO, Denver • FL, Fort Myers Amazon’s growth represents 10% of all leasing volume, but Target, Walmart and a number of major • FL, Naples general merchandisers were stepping up their leasing activity along with Home Depot and others in the • FL, South Florida home improvement sector. Radial, a competitor to Amazon, leased a 760,000-SF building southwest of • GA, Atlanta Atlanta. Amazon, however, is planning development of a multi-story facility of some 3.8 million SF in • IL, Chicago • IN, Indianapolis Pflugerville, Texas. The industrial market’s strength has not escaped the notice of developers as more • MA, Boston than 330 million SF are under construction, a record, with 93 million SF getting underway in Q3. Since • MD, Greater Baltimore deliveries will slightly exceed current demand, the national vacancy rate will tick upward to more than • MI, Detroit 6% for most of 2021. About 180 million SF are slated for delivery in the first half of 2021. Major national • MN, Minneapolis distribution markets Dallas-Fort Worth, Atlanta, Lehigh Valley, PA, San Antonio, Austin, Phoenix and • NC, Durham Southern California’s Inland Empire counties of Riverside and San Bernardino have led the way in net • NC, Raleigh • NJ, Northern & Central absorption. • OH, Cincinnati • OH, Columbus Unlike leasing volume, sales remain below the record levels seen in late 2019 through the first quarter. • ON, Toronto Institutional investors as well as REITs and other public buyers, which continue to be attracted by the • PA, Suburban Pennsylvania sector’s strong performance, emerged as the only net buyers through the third quarter. Although • SC, Charleston private equity investors also were active through the summer months, private buyers and owner/users • SC, Greenville / Spartanburg have been net sellers throughout the year. Transaction volume increased 30% in the third from Q2, • TX, Dallas / Fort Worth reaching $17 billion. Industrial’s strong fundamentals notwithstanding, cap rate are expected to trend • TX, Houston upward, and pricing momentum is anticipated to downshift from its prior year annual pace of 5% as • WA, Seattle • WI, Madison investors and lenders grow more cautious and risk premiums widen. LOWEST VACANCY RATE HIGHEST MARKET RENT / SF ANNUAL HIGHEST MARKET SALE PRICE / SF CA, San Luis Obispo 2.4% CA, Santa Barbara $22.36 PSF CA, San Diego $195 PSF FL, Naples 2.5% CA, San Luis Obispo $18.99 PSF CA, Santa Barbara $187 PSF NC, Raleigh 3.3% NY, New York $15.56 PSF CA, Orange County $169 PSF CA, Los Angeles 3.4% CA, San Diego $15.29 PSF CA, East Bay $168 PSF CA, Orange County 3.5% DC, Washington $14.86 PSF CA, Los Angeles $153 PSF U.S. Index 5.6% U.S. Index $$8.77 PSF U.S. Index $82 PSF MOST SF UNDER CONSTRUCTION LARGEST INVENTORY BY SF LOWEST MARKET CAP RATE TX, Dallas-Fort Worth 32,789,685 SF IL, Chicago 1,302,586,545 SF CA, Los Angeles 4.5% CA, Inland Empire 21,461,696 SF TX, Dallas-Fort Worth 986,545,671 SF CA, Orange County 4.6% IL, Chicago $20,763,594 SF CA, Los Angeles 937,777,030 SF CA, East Bay 4.6% GA, Atlanta 19,855,730 SF NY, New York 831,726,316 SF CA, Inland Empire 4.7% IN, Indianapolis 9,858,399 SF GA, Atlanta 749,641,020 SF WA, Seattle 4.8% U.S. Index 325,887,089 SF U.S. Index 17,117,065,556 SF U.S. Index 6.4% Q4 2020 INDUSTRIAL OVERVIEW VACANCY MARKET MARKET SALE UNDER MARKET CAP MARKET INVENTORY SF RATE RENT / SF PRICE / SF CONSTRUCTION RATE AZ, Phoenix 7.3% $8.15 $99 7,722,244 371,296,258 6.0% BC, Vancouver 2.2% $14.01 $310 2,949,622 256,214,506 4.3% CA, East Bay 6.6% $12.92 $168 2,230,939 269,308,014 4.6% CA, Inland Empire 3.8% $9.41 $113 21,461,696 675,519,550 4.7% CA, Los Angeles 3.4% $13.67 $153 4,367,905 937,777,030 4.5% CA, Orange County 3.5% $14.62 $169 341,882 301,666,359 4.6% CA, San Diego 5.5% $15.29 $195 5,629,075 198,737,479 5.2% CA, San Luis Obispo 2.4% $18.99 $139 0 8,918,991 5.5% CA, Santa Barbara 5.0% $22.36 $187 79,803 17,261,029 5.5% CA, Stockton 7.9% $5.99 $70 4,084,117 132,584,812 5.9% CA, Ventura 3.9% $11.14 $113 511,223 71,114,062 6.1% CO, Denver 6.2% $9.75 $106 5,988,583 253,240,254 5.9% DC, Washington 6.1% $14.86 $139 3,700,316 265,478,734 6.3% FL, Fort Myers 4.3% $8.88 $69 775,186 34,067,885 7.6% FL, Miami 5.3% $12.22 $130 4,302,446 250,743,494 5.3% FL, Naples 2.5% $11.06 $96 114,485 13,212,970 7.0% FL, Orlando 5.2% $8.23 $68 3,942,793 180,345,413 6.3% GA, Atlanta 5.6% $6.33 $54 19,855,730 749,641,020 6.4% ID, Boise 3.9% $7.14 $63 1,169,650 48,365,178 6.8% IL, Chicago 6.2% $7.84 $62 20,763,594 1,302,586,545 6.6% IN, Indianapolis 6.0% $5.29 $47 9,858,399 346,575,520 7.1% MA, Boston 4.9% $11.84 $105 3,241,841 346,628,953 6.3% MD, Baltimore 7.8% $7.18 $79 3,784,878 254,047,549 6.6% MI, Detroit 4.4% $6.67 $46 7,808,319 595,970,528 8.7% MN, Minneapolis 3.9% $5.73 $68 1,844,356 395,636,007 6.9% MO, Saint Louis 5.5% $7.35 $48 2,534,382 317,107,615 6.8% NC, Durham 5.1% $9.48 $76 1,609,852 43,223,359 6.8% NC, Raleigh 3.3% $9.60 $69 637,739 92,645,476 6.7% NJ, Northern New Jersey 4.4% $8.84 $99 3,250,477 239,391,408 6.3% NV, Reno 7.6% $7.80 $76 3,272,511 103,663,332 5.6% NY, Long Island 5.1% $13.68 $120 557,539 175,845,921 7.6% United States Index 5.6% $6.35 $82 325,887,089 SF 17,117,065,556 SF 6.4% Canada Index 2.8% $11.52 PSF $193.08 PSF 19,409,120 SF 1,714,532,849 SF 5.4% Q4 2020 INDUSTRIAL OVERVIEW VACANCY MARKET MARKET SALE UNDER MARKET CAP MARKET INVENTORY SF RATE RENT / SF PRICE / SF CONSTRUCTION RATE NY, New York 4.7% $15.56 $138 7,841,159 831,726,316 5.5% OH, Cincinnati 5.6% $5.39 $44 7,539,758 336,131,647 7.3% OH, Cleveland 4.9% $4.13 $30 1,025,097 350,950,923 8.1% OH, Columbus 6.1% $5.85 $43 7,098,486 315,942,565 6.8% ON, Toronto 1.7% $11.90 $204 8,371,439 841,702,798 4.8% PA, Harrisburg 7.9% $5.30 $67 2,370,238 104,223,708 5.9% PA, Lehigh Valley 5.9% $6.15 $78 9,590,090 140,486,908 6.2% PA, Philadelphia 5.2% $6.72 $65 9,254,384 559,388,116 6.6% SC, Charleston 7.5% $8.02 $64 4,903,807 89,196,346 6.7% SC, Greenville 5.4% $4.31 $40 1,986,271 132,993,513 7.7% SC, Spartanburg 10.5% $4.07 $41 181,120 101,890,163 7.7% TX, Dallas-Fort Worth 6.9% $8.15 $65 32,789,685 986,545,671 5.8% TX, Houston 8.8% $7.17 $71 8,194,852 687,567,288 5.9% WA, Seattle 5.5% $10.39 $133 7,075,450 332,834,070 4.8% WI, Madison 4.7% $6.50 $48 141,420 67,460,583 7.0% United States Index 5.6% $6.35 $82 325,887,089 SF 17,117,065,556 SF 6.4% Canada Index 2.8% $11.52 PSF $193.08 PSF 19,409,120 SF 1,714,532,849 SF 5.4% Q4 2020 PHOENIX, AZ INDUSTRIAL MARKET OVERVIEW CHRIS MCCHESNEY, Research Director The Greater Phoenix Industrial market surged to an all time high recording over 14M square feet of positive net absorption in 2020.
Recommended publications
  • Michigan's 4Th District Through 2011
    1 LIHTC Properties in Michigan's 4th District through 2011 Annual Low Rent or Tax- Zip Nonprofit Allocation Allocated Year Placed Total Income Income Exempt Project Name Address City State Code Sponsor Year Amount in Service Construction Type Units Units Ceiling Credit Percentage Bond Adam's Acres 4612 Quincy Dr Midland MI 48642 No 2002 2003 New Construction 12 12 70 % present value No Alma Apts 230 Windsor St Alma MI 48801 No 1987 1987 New Construction 32 32 30 % present value No Arbor Glen Apts 120 W North St Saint Charles MI 48655 No 1990 1990 Acquisition And Rehab 48 48 30 % present value No Arbors At Eagle Crest 5100 N Eagle Crst Mt Pleasant MI 48858 No 2000 2001 New Construction 120 120 70 % present value No Arbors At Eagle Crest Ii 5100 N Eagle Crst Mount Pleasant MI 48858 No 2006$ 421,513 2007 New Construction 48 48 60% AMGI 70 % present value No Brackton Woods 5301 Dublin Ave Midland MI 48640 No 1994 1995 New Construction 104 103 70 % present value No Briarwood Apartments 304 Briarwood St Clare MI 48617 No 2003 2004 New Construction 36 35 70 % present value No Byron Manor Apartments 426 N Church St Byron MI 48418 No 1995 1996 Acquisition And Rehab 16 15 30 % present value No Cambridge Court Apartments 305 S Walnut St Greenville MI 48838 No 2000 2001 Acquisition And Rehab 32 31 Both 30% and 70% No Carriage Towne Place Apts Ii 204 E Williams St Ovid MI 48866 No 2003 2004 New Construction 12 12 70 % present value No Carson City Senior Apts 510 N 2nd St Carson City MI 48811 No 1992 1993 New Construction 24 24 30 % present value No Carson Place 420 E Grove St Carson City MI 48811 No 2002 2003 Acquisition And Rehab 22 22 Both 30% and 70% No Cedar Village Ii 1427 N Spring St Gladwin MI 48624 1989 1989 New Construction 8 8 Not Indicated No Century Place Apartments 1200 E Washington St Greenville MI 48838 1989 1989 Acquisition And Rehab 47 47 Not Indicated No Century Place Ii Apts.
    [Show full text]
  • Inter-County and Regional Transit Plan Technical Memorandum #2
    TECHNICAL MEMORANDUM #2 EXISTING TRIC COMMUTER TRAVEL DATA IN THE FIVE-COUNTY NORTHERN NEVADA REGION TECHNICAL MEMORANDUM #2 FOR INTER-COUNTY AND REGIONAL TRANSIT PLAN Prepared for: Planning Division Nevada Department of Transportation 1263 South Stewart Street Carson City, Nevada 89712 Prepared by: Kimley-Horn and Associates, Inc. 5370 Kietzke Lane Suite 100 Reno, Nevada 89511 775-787-7552 This document, together with the concepts and designs presented herein, as an instrument of service, is intended only for the specific purpose and client for which it was prepared. Reuse of and improper reliance on this document without written authorization and adaptation by Kimley- Horn and Associates, Inc. shall be without liability to Kimley-Horn and Associates, Inc. Ó February 2019 092202043 2019-02-12 Tech Memo #2.docx Page i TABLE OF CONTENTS 1. INTRODUCTION ......................................................................................................................1 1.1. Study Area Population ..................................................................................................1 1.2. Study Area Employment ...............................................................................................1 1.3. Tahoe Reno Industrial Center (TRIC) ............................................................................2 1.4. Purpose ........................................................................................................................5 1.5. Document Organization ................................................................................................5
    [Show full text]
  • Centennial Industrial Park
    CENTENNIAL INDUSTRIAL PARK ACRES OF OPPORTUNITY CENTENNIAL INDUSTRIAL PARK NE AERIAL PERSPECTIVE | CENTENNIAL PARK LOT 1 INDUSTRIAL BUILDING VANCOUVER, WASHINGTON. TOP 10 REASONS TO DO A GREAT PLACE TO DO BUSINESS. BUSINESS IN CLARK COUNTY Love where you work and live. Clark County, home of the Port of 1. PROGRESSIVE BUSINESS CLIMATE Vancouver USA, is the fastest-growing county in the state of 2. DEVELOPMENT TEAM/PUBLIC/ Washington. Strategically located on the Pacific Rim and bridging the PRIVATE PARTNERSHIPS states of Washington and Oregon, Vancouver is also part of the Portland 3. AVAILABLE LAND metropolitan area, one of the country’s most vibrant business locales. 4. LOW TAXES 5. SKILLED WORKFORCE Clark County offers workers and their families all the advantages of a major metropolitan city, including access to affordable housing, cultural 6. EXCELLENT TRANSPORTATION INFRASTRUCTURE and recreational opportunities, and quality school options for primary, 7. EASY ACCESS TO PDX secondary and higher education. INTERNATIONAL AIRPORT With so much to offer, it’s no surprise the port has become a center for 8. LOW COST OF LIVING a diverse array of today’s leading industries. 9. AFFORDABLE HOUSING 10. OUTSTANDING LIVABILITY 3103 NW Lower River Road Phone: 360.693.3611 Fax: 360.735.1565 www.portvanusa.com Vancouver, Washington 98660 503.289.8824 503.285.6091 [email protected] Please contact Mike Schiller ([email protected]) or Chrissy Lyons ([email protected]) for leasing information. CENTENNIAL 67 ACRES OF OPPORTUNITY INDUSTRIAL PARK Possibility, meet potential. While many ports are constrained by a lack of available land in highly urbanized areas, Port of C.I.P.
    [Show full text]
  • Industrial Park Compendium Final 2012
    Regional Conference on Industrial Parks 17 – 18 April 2012 ••• Baku, Azerbaijan Conference Report Europe and Central Asia Regional Conference on Industrial Parks In collaboration with the Ministry of Economic Development and the Ministry of Industry and Energy of the Republic of Azerbaijan Supported by UNIDO and the Government of Slovenia 3 4 Contents 1 Introduction.......................................................................................................................... 7 2 Overview of issues............................................................................................................. 10 2.1 Advantages of industrial parks................................................................................... 10 2.2 Evolution and different types of industrial parks....................................................... 11 2.3 Developing and managing a successful industrial park ............................................. 13 2.4 Industrial park case studies ........................................................................................ 17 2.5 Conclusion ................................................................................................................. 22 3 Report of the conference sessions...................................................................................... 24 3.1 Summary of Day One................................................................................................. 24 3.2 Summary of Day Two: Working group sessions ......................................................
    [Show full text]
  • CPC Proposed Vol 2 Ch 14 Amendments
    VOLUME 2 | CHAPTER 14 | LAND USE PLAN chapterr 14 LAND USE PLAN GOAL POLICIES FOR DECISION MAKERS NEIGHBORHOODS 1 Promote smart • Preserve and support the character of successful residential growth land use neighborhoods. patterns in New • Revitalize challenged neighborhoods with new development that Orleans and the contributes to character and new vitality. region. • Locate higher-density uses at existing and proposed transit stations and hubs for critical mass and locate new transit to serve higher density areas. • Make downtown a vibrant 24-hour neighborhood and commercial/entertainment district. • Convert suburban style commercial strips and malls into walkable mixed-use centers. • Create neighborhood centers with a mixture of higher-density housing, retail and other uses at neighborhood edges on underutilized industrial/commercial land and key transit hubs. • Avoid new development where new infrastructure would be required. • Take advantage of vacant land on higher ground for higher density uses. • Preserve and protect environmentally sensitive land and coastal areas. • Promote walkable, mixed-use environments. 2 Promote • Establish urban design frameworks to guide new chain store, development that can office, and light industrial development so that it improves the strengthen the city’s public realm and fits into the urban fabric. tax and job base • Preserve land for industrial uses where there are active and while serving citizen prospective uses. needs and preserving city character. 3 Strengthen the • Establish design principles and standards in zoning and design city’s public realm guidelines for specific areas. and urban design • Create a framework for accepting, placing and maintaining public character. art in a way that ensures excellence and cost-effectiveness.
    [Show full text]
  • AGENDA APRIL 26, 2021 All Meetings of the St. Louis Park City
    AGENDA APRIL 26, 2021 All meetings of the St. Louis Park City Council will be conducted by telephone or other electronic means starting March 30, 2020, and until further notice. This is in accordance with the local emergency declaration issued by the city council, in response to the coronavirus (COVID-19) pandemic and Governor Walz's “Stay Safe MN” executive order 20-056. The St. Louis Park City Council will meet on April 26, 2021 at 6:30 p.m. by videoconference to reconvene the Local Board of Appeal and Equalization (LBAE), which will be followed by a joint study session with the St. Louis Park Planning Commission and Board of Zoning Appeals. Meeting participants will meet by electronic device or phone rather than by being personally present at the city council's regular meeting place at 5005 Minnetonka Blvd. Visit bit.ly/slpccagendas to view the agenda and reports. Members of the public who want to address the council during the reconvene of the LBAE should call the 952.562.2886. Call when the meeting starts at 6:30 p.m. and follow instructions provided. Members of the public can monitor the meeting by video and audio at bit.ly/watchslpcouncil or by calling +1.312.535.8110 and using access code 372 106 61 for audio only. Cisco Webex will be used to conduct videoconference meetings of the city council, with council members and staff participating from multiple locations. 6:30 p.m. – RECONVENE LOCAL BOARD OF APPEAL AND EQUALIZATION (LBAE) Immediately following LBAE – STUDY SESSION Discussion items 1.
    [Show full text]
  • The Study for Improvement of Living Conditions for Workers Around Industrial Areas in Socialist Republic of Vietnam
    MINISTRY OF PLANNING AND INVESTMENT SOCIALIST REPUBLIC OF VIETNAM THE STUDY FOR IMPROVEMENT OF LIVING CONDITIONS FOR WORKERS AROUND INDUSTRIAL AREAS IN SOCIALIST REPUBLIC OF VIETNAM FINAL REPORT EXECUTIVE SUMMARY JULY 2016 JAPAN INTERNATIONAL COOPERATION AGENCY NINE STEPS CORPORATION ORIENTAL CONSULTANTS GLOBAL CO., LTD. INTERNATIONAL DEVELOPMENT CENTER EI OF JAPAN INCORPORATED JR AZUSA SEKKEI CO., LTD. 16-127 MINISTRY OF PLANNING AND INVESTMENT SOCIALIST REPUBLIC OF VIETNAM THE STUDY FOR IMPROVEMENT OF LIVING CONDITIONS FOR WORKERS AROUND INDUSTRIAL AREAS IN SOCIALIST REPUBLIC OF VIETNAM FINAL REPORT EXECUTIVE SUMMARY JULY 2016 JAPAN INTERNATIONAL COOPERATION AGENCY NINE STEPS CORPORATION ORIENTAL CONSULTANTS GLOBAL CO., LTD. INTERNATIONAL DEVELOPMENT CENTER OF JAPAN INCORPORATED AZUSA SEKKEI CO., LTD. The Study for Improvement of Living Conditions for Workers around Industrial Areas Table of Contents List of Figures and Tables List of Annexes Location Map Abbreviations 1. INTRODUCTION ................................................................................................................................. 1 (1) Background of the Study .............................................................................................................................. 1 (2) Objective and Outcomes of the Study .......................................................................................................... 1 2. CURRENT LEGAL FRAMEWORK FOR THE IMPROVEMENT OF LIVING CONDITIONS OF WORKERS IN INDUSTRIAL PARKS ......................................................................................
    [Show full text]
  • Industrial Rezoning in U.S. Cities | Manhattan Institute
    January 2021 ISSUE BRIEF INDUSTRIAL REZONING IN U.S. CITIES Connor Harris Fellow Industrial Rezoning in U.S. Cities 2 Contents LIFT THE CAP WHY NEW Introduction YORK ..................................................................CITY NEEDS MORE CHARTER SCHOOLS3 San Francisco, CA ........................................................4 New York, NY ...............................................................5 Boston, MA ..................................................................6 Portland, OR .................................................................7 Chicago, IL ...................................................................8 Conclusion ...................................................................9 Endnotes .................................................................... 11 Issue Brief Industrial Rezoning in U.S. Cities 3 LIFT THE CAP WHY NEW YORK CITY NEEDS MORE CHARTER SCHOOLS Introduction In many of America’s most expensive cities, desirable commercial and residential buildings abut areas filled with stagnant, unproductive, and often decrepit industries. This is not an accident: it is the product of land-use and zoning codes, which often prohibit nonindustrial uses of large, centrally located areas that would otherwise be in high demand for residential and commercial redevelopment. These policies are supposedly a bulwark against gentrification and the depredations of housing developers, as well as a means of preserving high-paying industrial jobs. But these benefits are often illusory, and they
    [Show full text]
  • Q1 2021 Market Reports
    LEE-ASSOCIATES.COM/RESEARCH Q1 2021 MARKET REPORTS FEATURED MARKET REPORTS THE LEE ADVANTAGE Every Lee & Associates office delivers world-class service to an array of regional, national, and international clients - from small businesses and local investors to major corporate users and institutional investors. Our professionals combine the latest technology, resources, and market intelligence with their experience, expertise, and commitment to superior service to optimize client results. WHAT SETS US APART? Since 1979, Lee & Associates has reimagined the way that commercial real estate companies should be structured. Each Lee & Associates office is owned and operated by its professionals. As shareholders of the company, this separates us from our competition and creates one common goal; to provide seamless, consistent execution and value- driven market-to-market services to our clients. SERVICES TO MEET THE NEEDS OF OUR CLIENTS Lee & Associates’ offices offer a broad array of real estate services tailored to meet the needs of the company’s clients in each of the markets it operates, including commercial real estate brokerage, integrated services, and construction services. With specialty practice groups in each of these disciplines, our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. LOCAL EXPERTISE INTERNATIONAL REACH With offices in 60+ markets across North America and a strategic international alliance with Gerald Eve, Lee & Associates has the ability to deliver first-class services to our clients both locally and internationally. Q1 2021 INDUSTRIAL OVERVIEW CONSTRUCTION SETS RECORD, GROWTH CONTINUES FEATURED REPORTS Strong tenant expansion continued in the first quarter as developers were underway on a historic • AZ, Phoenix volume of new projects while the pace of rent increases downshifted slightly.
    [Show full text]
  • 391 Industrial Park for Lease • Warehouse/Mfg 391 Industrial Park Road, San Antonio, TX 78226
    Port San Antonio - 391 Industrial Park For Lease • Warehouse/Mfg 391 Industrial Park Road, San Antonio, TX 78226 • 136,532 SF Manufacturing Building • Approx. 20,000 SF Office • 227 Parking Spaces • 480/277v 3 Phase Electrical • Dock and Grade Level Loading • Fully Sprinklered • 25' Clear Height Owned and Managed by Leasing by Joe Carroll (210) 507-2708 [email protected] www.cavenderhill.com The information herein was obtained from sources believed reliable. However, Cavender & Hill Properties, Inc. makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. All areas and dimensions are approximate. Port San Antonio - 391 Industrial Park Site Plan Aerial Map Vicinity Map Owned and Managed by Leasing by Joe Carroll (210) 507-2708 [email protected] www.cavenderhill.com The information herein was obtained from sources believed reliable. However, Cavender & Hill Properties, Inc. makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. All areas and dimensions are approximate. Port San Antonio - 391 Industrial Park For Lease • Warehouse/Mfg 391 Industrial Park Road, San Antonio, TX 78226 Available Space • Suite 391 Office SF: 20,000 Warehouse SF: 116,532 Total SF: 136,532 Owned and Managed by Leasing by Joe Carroll (210) 507-2708 [email protected] www.cavenderhill.com The information herein was obtained from sources believed reliable.
    [Show full text]
  • 2013 Economic / Industrial Development
    2013 ANNUAL REPORT ECONOMIC/INDUSTRIAL DEVELOPMENT AUTHORITY 2400 Washington Ave. | 3rd Floor | Newport News, VA 23607 Phone: 757-926-8428 | 1-800-274-8348 | Fax: 757-926-3504 www.newportnewsva.com | [email protected] ©2014 Economic Development Authority of the City of Newport News, Virginia and Industrial Development Authority of the City of Newport News, Virginia Creative: Howell Creative Group Newport News Shipbuilding Apprentice School Façade Improvement Grant Results Collage ECONOMIC/INDUSTRIAL DEVELOPMENT AUTHORITY 2013 ANNUAL REPORT Table of Contents Mission & Board of Directors ................................................... 2 Message from the Chair ........................................................... 3 Standing Committees .............................................................. 4 Staff Support to EDA/IDA ......................................................... 5 Newport News Shipbuilding Apprentice School & Mixed-Use Development ...................................................... 7 Featured Projects & Announcements ....................................... 8–9 n Liebherr Mining Equipment Company n High Liner Foods n Canon Virginia, Inc. n State of the City Event Greater Oyster Point ................................................................ 10–12 n Tech Center at Oyster Point n Jefferson Center for Research & Technology n City Center at Oyster Point n University of Virginia/Virginia Tech Center n Major Transportation Improvements Southeast Redevelopment ......................................................
    [Show full text]
  • Industrial Park Profiles
    INDUSTRIAL PARK PROFILES NORTH ALABAMA Elkmont Elm Breeding North Greenbrier Lowe Southpoint Jetplex Chase Mallard-Fox Commercial Park Creek Peebles I-565 Business Park Town of Triana Hartselle Morgan Center Business Park Page 2 | Industrial Park Profiles North Huntsville Industrial Park Profiles Chase Table of Contents Location Aerial Map ...................................... 4 Limestone County Breeding North Industrial Park ..................... 6 Elkmont Industrial Park ................................. 8 Elm Industrial Park ...................................... 10 Madison County Chase Commercial Park ............................. 12 Chase Industrial Park ................................. 14 Greenbrier ................................................... 16 I-565 Business Park.................................... 18 Jetplex Industrial Park ................................ 20 Lowe Industrial Park ................................... 22 North Huntsville Industrial Park .................. 24 Peebles Industrial Park ............................... 26 Southpoint Industrial Park .......................... 28 Town of Triana Industrial Park ..................... 30 Morgan County Hartselle Industrial Park .............................. 32 Mallard-Fox Creek Industrial Park .............. 34 Morgan Center Business Park .................... 36 Industrial Park Profiles | Page 3 Elkmont Elm Breeding North Greenbrier Lowe Southpoint Jetplex Chase Mallard-Fox Commercial Park Creek Peebles I-565 Business Park Town of Triana Hartselle Morgan Center Business
    [Show full text]