Industrial

The firm plans to deploy $350 million to $500 million over the next five years in both acquisition and development.

The Orange County industrial market has seen strong demand for large blocks of space, but spaces less that 50,000 square feet have struggled.

Buoyed by continuing strength in e-commerce, the warehouse/distribution vacancy rate was unchanged in the Q3.

As the largest industrial building under construction in the Laredo area, Tailwind II Logistics Center will service Laredo's growing demand for warehouse space with the modern efficiencies users desire.

Tejon Ranch is seeing an increased demand from manufacturers and large corporations.

Given the continued strength of the San Francisco residential market, despite COVID, Allrise envisions the creation of several multi-purpose buildings comprised of more than 800 residential units in the next several years.

According to StorageCafé, the cities with the highest self storage square footage are in Texas, with Austin, Houston, Dallas-Fort Worth and San Antonio all offering more than 9 square feet per capita.

The market had 2.5 million square feet in net absorption in the third quarter, driven by increased ecommerce spending.