Market Watch

Responsibility, The Inconvenient Truth

4th Quarter 2021 Market Watch by Joe A. Hollingsworth, Jr. While I am supposed to be primarily writing about the industrial market, there is a much bigger challenge that faces America that indirectly affects everything, including the industrial real estate market. So, here I go… First, let me state the

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A Frothy Stock Market

3rd Quarter 2021 Market Watch by Joe A. Hollingsworth, Jr. I am one that thinks that the stock market is priced to “virtual perfection”.  So, if everything works out as envisioned by investors, the stock market is “likely” to stay close to where it is for a year or so. 

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Unintended Consequences

2nd Quarter 2021 Market Watch by Joe A. Hollingsworth, Jr. As far as industrial real estate goes, what is the biggest challenge today? • One challenge is certainly not the economy with the GDP (in spite of COVID) continuing to provide reasonable growth. The economy seems unlikely to fail. •

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Real Estate…Life or Death

4th Quarter 2020 Market Watch by Joe A. Hollingsworth, Jr. Generally, I do not care about a party’s platform, because party platforms are thrown away the moment the President gets elected. But, this time, it is unique. This time, Biden is not disclosing what his policies are; because, as a

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Stark Reality

3rd Quarter 2020 Market Watch by Joe A. Hollingsworth, Jr. Wake up!  You are living in a big city in a blue state!  It is time to rethink this situation.  Whether it is Seattle, Los Angeles, San Francisco, New York City, Boston, Chicago, etc., it just doesn’t work anymore. A

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Current Perspectives

2nd Quarter 2020 Market Watch by Joe A. Hollingsworth, Jr. Our articles are written to better guide industrial real estate developers, investors, and professionals; but, there is never a point when investing decisions are not affected by outside events. Those events range from regulations, taxation, right to work laws, GDP

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The Soft Spot Is Behind Us

1st Quarter 2020 Market Watch by Joe A. Hollingsworth, Jr. 2019 rolled along superb in every way with CEOs making the determination to take down new space for distribution and manufacturing at a fast pace. However, we hit a wall October 1st. It’s like the spigot turned off. Everyone wondered

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Cap Rate Validation

4th Quarter 2019 Market Watch by Joe A. Hollingsworth, Jr. As industrial developers, we live and die by interest rates.   While supply and demand affect the market tremendously, the interest rate on medium to long-term borrowings dramatically affect the outcome in rents.  Many of us have stood on the

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Continued Excess Demand

3rd Quarter 2019 Market Watchby Joe A. Hollingsworth, Jr. Those of us that have been in the industrial development business for several decades have really never seen a time when excess demand is repeatedly outstripping supply. The below chart highlights how radical this is. Our opinion is that the industrial

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