Matt Orgovan’s Post

The Newmark 4Q23 #Cleveland Industrial Market Report is now out. ‒ The Cleveland industrial market tallied 425,842 SF in positive absorption in the fourth quarter. ‒ The vacancy rate was 5.1%. ‒ The fourth quarter saw an overall average asking rent of $6.13/SF, the highest ever for the Cleveland industrial market. Below is our standard report deck. Please reach out to me to receive the expanded, unredacted version. #research #ClevelandOhio #marketreport #commercialrealestate

The Newmark 4Q23 #Cleveland Industrial Market Report is now out. ‒ The Cleveland industrial market tallied 425,842 SF in positive absorption in the fourth quarter. ‒ The vacancy rate was 5.1%. ‒ The fourth quarter saw an overall average asking rent of $6.13/SF, the highest ever for the Cleveland industrial market. Below is our standard report deck. Please reach out to me or your Newmark Cleveland broker contact to receive the expanded, unredacted version. #research #ClevelandOhio #marketreport #commercialrealestate

Available industrial space in the Richmond and Hampton Roads markets has been hard to find. As a result of the growth of the Port of Virginia and favorable demographic trends, availabilities have been even tighter over the past few years. Since 2020, developers have brought a significant amount of new industrial space on line in both markets. However, pent-up demand absorbed much of this new stock reasonably quickly. Despite the additional inventory, industrial availability rates in the Richmond and Hampton Roads markets currently sit below 6% and well below their respective historical averages. CoStar Subscribers can read more of my thoughts on this #industrial trend happening in the #HamptonRoads and #Richmond markets via the link below:

"Between slowing consumer spending and declining tenant demand, the industrial market across the United States is off from last year’s peak. However, one market still stands out as a growth driver. Savannah, Georgia, is now the fourth-biggest port by cargo volume in the country, and despite facing challenges like other industrial markets, Savannah benefits from a unique set of factors that position it for sustained growth through the national industrial downshift." https://lnkd.in/gTuFeNaN Jon Hogan Coldwell Banker Commercial Upchurch Realty 2405 W Broad Street | Suite 150  Athens, GA 30606  M: +1 (706) 714-6956 O: +1 (706) 354-7870  jon.b.hogan@gmail.com https://lnkd.in/d2w8tFnt Licensed in Georgia & South Carolina #CRE #CommercialRealEstate #ColdwellBankerCommercial #ColdwellBankerCommercialUpchurchRealty

Industrial Submarket Report | Q3 2023 📃 Dallas, Texas - Plano/Richardson Economic Data: • Market cap rates are currently at 6.2%, and sales pricing has remained steady at $158/SF with a substantial drop in transaction volume. • Rental rates have increased 11% to $13.29/SF (NNN) since this time last year. • No new large construction completed during Q3, but there is about 1M SF currently under construction in the area that should deliver in the next year. Full Report 👉 https://lnkd.in/gTfnxUH2 Want to learn more? Ask our expert, Mike Knudsen. #srsindustrial #srs #srsrealestatepartners #cre #industrial #research #expert #texas #dallas #data #JustAskMike SRS Real Estate Partners | SRS DFW City of Plano | City of Richardson Texas

📊 Our Q4 23' Austin Industrial Market Report is out now! Quick recap: ◾ Net absorption has nearly doubled year-over-year in Austin, signaling strong demand and a thriving industrial sector. ◾ Vacancy rates continue to rise (currently sitting at 9.9% overall), which can be attributed to a surge in new construction and speculative deliveries. ◾ The construction pipeline has hit a new high, nearing 19 million square feet (accounting for 12.7% of existing inventory), indicating substantial expansion to accommodate unprecedented demand witnessed in recent years. ◾ Average monthly rental rates have climbed to a record $1.18/SF. Click to read the full report - https://lnkd.in/g7PT3EWu This complex market scenario could present unique opportunities for tenants, especially when navigated with a market expert. Our team is here to help you navigate these evolving dynamics, ensuring your business leverages the right opportunities in Austin's industrial real estate landscape. Stream Realty Partners #AustinRealEstate #Q4Report #tenantrepresentation #streamaustin #creaustin #austin #commercialrealestate

Memphis Industrial Market Update article by Stephen MacLeod: "We were under-supplied as a market because of Covid," Landon Williams, SIOR, CCIM - Capital Markets Advisor told MBJ. "Therefore, the supply had to catch up and it caught up quick. Now we've reached that spot where supply needs to hold steady while demand comes back." #investmentsales #capitalmarkets #commercialrealestate #realestateinvesting #realestateinvestment https://lnkd.in/e5PzwwTE

With a 4% vacancy rate and a 41.9% market share, the small bay industrial market is quickly gaining popularity among investors.    Newmark research, featured in GlobeSt.com, delves into the reasons behind the rising interest in this market.     Read more.   #Newmark    #Industrial #SmallBay #RealEstateInvestment #IndustrialRealEstate #CRE 

Industrial Submarket Report | Q4 2023 📃 Dallas, Texas - McKinney/Allen Economic Data: • Market cap rates are currently at 6.3%. • Average sales pricing did not grow YOY and remains steady at $137/SF. • Rental rates have increased 7.6% YOY but rent growth has slowed substantially. • There are currently 39 industrial/flex projects totaling 4.7M SF that are either under construction or planned for construction in the submarket. Full Report 👉 https://lnkd.in/d4FpACGb Want to learn more? Ask our expert, Mike Knudsen. #srsindustrial #srs #srsrealestatepartners #cre #industrial #research #expert #texas #dallas #data #JustAskMike SRS Real Estate Partners | SRS DFW City of McKinney | City of Allen

Louisville Industrial Real Estate Trends in August 2023 Sharp decrease in the number of industrial properties sold in August and as well as a moderate decrease in the number of Industrial leases. Industrial sales inventory has been slowly increasing over the last 6 months as has lease inventory. While overall Industrial continues to be doing well, the market does seem to be softening. #CommercialRealEstate #RealEstate #CommercialBroker #LouisvilleKY #Industrial #MarketTrends #OtimoProperties