Market Watch

Supply and Speculative Buildings

4th Quarter 2014 Hotline Market Watch Our last few articles have talked about the present and future “demand” side for industrial facilities in America such as the advantage that America is beginning to show in labor, productivity, and the onshoring of jobs as well as the resurgence of manufacturing in

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America’s Labor Advantages

3rd Quarter 2014 Hotline Market Watch Certainly much ink has been spilled writing about the end of the American labor market’s advantages over the rest of the world.  The pundits claimed, as they so frequently do, that this time it would be different for the American labor market.  Long-term joblessness

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Are we going to build new square footage or not?

2nd Quarter 2014 Hotline Market Watch The construction of new facilities for manufacturing and warehousing will be proportionately slower during this recovery than any previous recovery in modern times. In fact, we predict that this recovery will have as little as one-half the new square footage requirements of most recoveries.

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Resurgence of Manufacturing

1st Quarter 2014 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. Many of last decade’s fantasies are today’s realities, and none more than the resurgence of American manufacturing. Article after article a decade ago said the US was destined to be the land of restaurants and retail

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Offshoring is Now Onshoring

4th Quarter 2013 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. For the last 20 years, the decline of American manufacturing has been accelerating. Manufacturing output accounted for 19% of the economy in 2000; and, as of 2012, it has hovered around 11%. However, in the last

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To Spec or Not To Spec

3rd Quarter 2013 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. If you own or control an industrial portfolio of Class B or above properties, the fear during the recovery might be that new speculative construction can – to a great extent – make the older structures

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TO FIX OR NOT TO FIX?

2nd Quarter 2013 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. For the last 25 years, we have been a strong proponent of taking “risks” on interest rates on our real estate loans by tying them to floating LIBOR (the London InterBank Offered Rate). While this decision

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Stick To Real Estate

1st Quarter 2013 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. Necks that are stuck out sometimes get chopped off. Well, as I mentioned in my last couple of hotline articles, we were predicting a Romney victory with a 5% GDP growth starting in March 2013. The

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Keeping My Neck Stuck Out

4th Quarter 2012 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. In our September 2011 hotline article, we said, “Once again we see that business hates variables and can only factor very few variables at one time in the decision to deploy capital.” In July 2012, we

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THE REASONS TO BUY NOW

3rd Quarter 2012 Hotline Market Watch Southern Industrial Development by Joe A. Hollingsworth, Jr. In our September 2011 hotline article, we said: “Once again we see that ‘business hates variables’ and can only factor very few variables at one time in the decision to deploy capital.” Today, there still are

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