Market Watch

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

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

2nd Quarter 2019 Market Watch by Joe A. Hollingsworth, Jr. What a nice time to be an industrial property developer, owner, or investor in the Midwest or the South! It almost feels like a warm, spring day when the sun pops out, and everything is beginning to bloom. Finally, all the low-tax state

1st Quarter 2019 Market Watchby Joe A. Hollingsworth, Jr. In the Obama years, how many times did we all hear the words “get used to the new normal” – whether they were talking about Baby Boomers retiring, persistently high unemployment (if you included all the unemployment variations), lack of productivity

4th Quarter 2018 Market Watch by Joe A. Hollingsworth, Jr. As readers of the Market Watch articles know since September 2016, I have been a persistent optimist about what should happen to the manufacturing and distribution industrial space sector. I have covered: 1) the accelerating GDP; 2) the ever-increasing on-shoring

3rd Quarter 2018 Hotline Market Watch by Joe A. Hollingsworth, Jr. Well, officially, we are in the second longest economic expansion ever! And, as I said before, there is an awful lot of naysayers, and they cannot help but talk about it constantly. However, they are wrong! The tax cut

2nd Quarter 2018 Hotline Market Watch by Joe A. Hollingsworth, Jr. As it pertains to construction as an industry, for thousands of years, we have basically performed construction with materials that are largely from the earth such as clay, wood, iron ore, limestone, crude oil based materials, etc. Now, things are on the cusp

1st Quarter 2018 Hotline Market Watch by Joe A. Hollingsworth, Jr. For the last decade, landlords have had those calls that will absolutely ruin a landlord’s day from tenants saying that they need a “downward rent adjustment” or “shortened term or to shrink their space”. We have become so accustomed to hearing those requests

4th Quarter 2017 Hotline Market Watch by Joe A. Hollingsworth, Jr. By now, you have read it over 50 times. You have heard it on TV over 30 times. Sometimes it just seems to be relentless…that the media has to drive home the point that we are in an economic

3rd Quarter 2017 Hotline Market Watch by Joe A. Hollingsworth, Jr. At the end of the first quarter in 2017, the US industrial market has really never been stronger. Specifically, only 5.4% of the nation’s industrial space was vacant; and, it turns out that this percentage is the lowest rate on record. Even