Industrial

New construction for industrial properties has moderated somewhat, but the need for last-mile distribution facilities is still fueling infill building.

The latest deals, happenings and personnel moves in the Midwest region.

"Atlanta provides a wealth of opportunities for us,” says IOV's Tom Barbera. “We will continue to focus our efforts in this top-notch market.”

Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.

Absorption is still outpacing new construction.

Pacific Industrial shares its strategy for winning big deals in Orange County after managing to nab a 157,000-square-foot industrial property.

Some of the trends include a dip in the NAI Partners sublease index, an industrial market with a 5.5% or lower vacancy rate for more than six years, and average retail asking rents at an all-time high and sub-6% vacancy.

“San Diego is a different industrial market,” says Ryan Grove of the Ryan Companies, explaining that distribution centers are uncommon in the market.