Industrial

The latest deals, projects and trends in the Midwest region.

Ranked third in industrial space, DFW is poised for more progress due overall job growth, affordable leasing and ownership opportunities, rising land prices and values still well under replacements costs.

“Demand for high quality flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and superior location,” says CBRE's Kevin Dudley.

A year ago, Fort Capital set an aggressive goal to own and operate 2 million square feet of industrial space by third quarter 2019, and the firm has already reached the 1.134 million-square-foot mark.

The change in net lease property cap rates during the second quarter showed mixed results, with retail cap rates experiencing their greatest quarterly increase since 2011, while office and industrial rates compressed.

“Investors responded very favorably to this offering given the uniqueness of the asset and the property's superb location,” says HFF's José Cruz.

The metro area has a bright future as a distribution hub.

The Newark data infrastructure now is the envy of many locations around the country, featuring 10 gigabit-per-second speed, one of the fastest urban data networks.