Industrial developers in Southern California have focused largely on big-box industrial builds, especially in the Inland Empire.
While users of warehouse and distribution center facilities have fueled the industrial activity, demand for last-mile distribution centers has grown, but it has largely been overlooked by developers. Thanks to major growth in the Inland Empire West MSA—which is among the fastest growing metros in the country—there is an even greater demand for small-box industrial that can service the local community.
Continue reading “Why Industrial Developers Are Going Small”
Multi-story warehouses are already common in Asia, but the concept is now taking off in supply-constrained American cities.
Four multilevel projects are currently under construction or will soon break ground in Seattle, San Francisco and New York City, and many more planned projects will be announced in the coming months, according to Rob Kossar, vice chairman and head of the Northeast industrial region at real estate services firm JLL.
Continue reading “Why Multi-Story Industrial Assets Might Be In The Future For Dense U.S. Cities”
Hialeah is hot.
The city has been experiencing a surge in real estate investment, bolstering its reputation as an industrial hub while also identifying it as a more welcoming place for multifamily and commercial construction following recent moves to encourage development.
But investors drawn to cheaper land prices and those who may be looking to make a quick buck on a flip could find it difficult in this working-class city where rents remain low as does the median household income, which hovers at $30,000, local developers and brokers say.
Continue reading “Is Hialeah ‘The Next Big Thing’ For Real Estate Investment In South Florida?”