CIRE Topics

Regional Outlook

South

Louisville's Big Deal

Top companies such as UPS and Ford are investing in new or expanded facilities helping to generate new jobs and greater demand for commercial development. UPS is allocating $400 million to expand its Worldport Louisville hub, while Ford is investing funds into its two manufacturing plants in Louisville, Ky. While UPS Worldport attracts new businesses to the market, sales are so robust at Ford's sport utility vehicle manufacturing plant that the automaker gave its workers just one week off this summer instead of the traditional two. “Industrial has been very active [in Louisville],” says Craig S. Collins at Cushman & Wakefield Commercial Kentucky in Louisville. “There is more than 600,000 sf of spec industrial buildings being built and absorbed right now.” 

CIRE - ND16 42A

Midwest

Chicago Construction Is Booming

Construction in Chicago is up 19 percent from 2015 for an estimated $14.3 billion in residential and commercial projects, according to Dodge Data & Analytics. Multifamily is the big winner with a 67-percent increase compared to 2015, and developers are on track to complete 8,800 apartments in downtown Chicago and with another 3,800 planned for 2018, according to Appraisal Research Counselors. 

CIRE - ND 42B

Northeast

Boston's Warehouses Drive Vibrant Industrial Market

Vacancy dipped .5% to 9.6%, its lowest ever on 529,000 sf of positive absorption
16-quarter streak of positive absorption
6.5 msf absorbed over  four years
Lease rates dropped from $6.04 psf to $5.94 psf

Source: Transwestern RBJ 

CIRE - ND16 43A

Midwest

“The Twin Cities multi-tenant market fundamentals continued to improve throughout the first half of 2016. Every sector reported positive results, and except for a few pockets of softness, every sector should see continued improvement throughout the balance of the year.” - Mike Ohmes, Transaction and Advisory Services, Cushman & Wakefield
CIRE - ND 43CCIRE - ND 43B

Continue Reading

Recommended

Deal Makers

September.October.17

CIRE magazine (September/October 2017): The biggest CCIM deals in retail, office, multifamily, financing, hospitality, industrial, and land.

Read More

Market Trends

September.October.17

What are the top 10 cities to start a business? | Skilled labor needed to boost manufacturing. | Projected shortage in 2026 for senior housing equilibrium.

Read More

Business Aviation

September.October.17

Private aviation can help real estate professionals use time more efficiently while building relationships and close deals outside of their local markets.

Read More

Student Housing

September.October.17

Student housing continues to provide bigger returns than multifamily properties for investors.

Read More