Industrial Real Estate is Thriving!
It is no surprise the Industrial sector of the commercial real estate industry is in high demand. It was a growing trend prior to the pandemic and completely accelerated with the giant e-commerce demand during Covid. According to Transwestern reports, after a boom year in 2020, Q1 2021 was the second straight quarter of more than 100M SF of positive net absorption nationwide for the sector.
Below are a few interesting articles in support:
- Ares Management to Buy $11.6B Industrial Real Estate Manager Black Creek: https://www.bisnow.com/national/news/industrial/ares-management-group-buys-black-creeks-re-business-108983?utm_source=outbound_pub_73&utm_campaign=outbound_issue_48484&utm_content=outbound_link_2&utm_medium=email
- Target Boosting Distribution Expansion With 5 New Sortation Centers: https://www.bisnow.com/national/news/industrial/target-accelerates-industrial-distribution-expansion-plan-108965?utm_source=outbound_pub_73&utm_campaign=outbound_issue_48484&utm_content=outbound_link_3&utm_medium=email
- Terreno Realty Corporation Acquires Property in Seattle, WA for $16.5 Million: https://www.businesswire.com/news/home/20210517005015/en/Terreno-Realty-Corporation-Acquires-Property-in-Seattle-WA-for-16.5-Million
Saunders Construction specializes in performing seismic retrofits in occupied Industrial warehouses, it is essential to assess a buildings’ expected value of Scenario Loss (SL) resulting from specific earthquake ground motion. SUL is the expected or mean loss resulting from the damage experienced due to a 475-year return period earthquake. And therefore, determining the seismic risk of a building. Please contact us, https://saundersseismic.com/contact/ for more details.