Welcome to another edition of our Industrial real estate news roundup!

A ton of industrial real estate news to get to this week.

Let's start with a?WSJ?article which details how the industrial boom (which?first started in warehousing?and has?now moved to manufacturing) is increasing demand for all types of construction materials, ranging from steel to overhead doors.

This adds to comments from?Commercial Property Executive who noted the industrial segment is maintaining strong performance. The article also notes that 14% of industrial loans will come to maturity in the next 3 years and the average national lease rate is $7.15 / sq ft.

One term you may have heard lately is "China Plus One", which implies companies are looking for alternatives to having so much dependency on China. To this extent,?India appears poised to earn some of that market share, but there is still a concerted effort to?onshore / reshore more manufacturing back to North America?as well.

Take this chart which illustrates the impact demand for new factories is having right now:

A number of research reports recently came out as well.

JLL noted that?Denver and Dallas / Fort Worth might be attractive markets for tenants?as both cities have seen increasing industrial vacancy of late (with even more inventory on the way).

Savills released a?State of the US Industrial Market report?with 5 general takeaways:

1. Tenants are taking less space;

2. Construction activity is slowing;

3. Rent growth is tapering off;

4. Sub-lease availability is rising;

5. Port volumes are down.

Colliers put out a report highlighting?10 emerging industrial markets for 2023?(alphabetical):

1. Austin

2. Charleston

3. Las Vegas

4. Memphis

5. Raleigh-Durham

6. Reno-Sparks

7. Richmond

8. Salt Lake City

9. Savannah

10. Stockton / Central Valley

Ending on a fun note, an artist in Michigan recently?purchased a 15,000 square foot warehouse and converted it into a studio. It's a long video at 24 minutes but shows how an old and tired class B building can be dramatically improved with just some basic improvements.

Have a great week all!

Join in live this Tuesday, May 16, 2023 at noon EDT for an interview with Adam Sharif, CEO of nxtCRE.

We'll be discussing the following:

? An overview of 1031 Exchanges

? What are Must Buy Investors?

? The nxtCRE platform

This will be a live interview so join in and ask any questions that come to mind!