The new law limiting independent contractors could impact the construction community, but significant pushback could force the government to modify the law.

The market has the lowest industrial vacancy rate in the US at 1.3% with 21 consecutive quarters below 2%.

TPG Real Estate has acquired the 374,123-square foot class A+ asset, which is located in the Deerwood Park micro-market.

Separately, JLL reported that global commercial transaction volumes reached an all-time high of $800 billion in 2019, increasing 4% year-over-year.