The Importance of Property Management in your Warehouse

Whether you own industrial property, are considering purchasing a warehouse, or are involved with industrial real estate, property management is an important service to be familiar with.  Read More

Topics: Diminishing Warehouse space, Industrial Real Estate Market, Supply Chain Strategy

Shadow Space- What is it and Where is it Found?

While the supply of warehouse space throughout the country remains low, it is a misconception that the total vacancy rate represents the sum of the space available in a given market. The term "shadow space" refers to space that a tenant is leasing, but is not currently utilizing. In most cases, shadow space occurs when:  Read More

Topics: Diminishing Warehouse space, Future of Logistics, Industrial Real Estate Market, Supply Chain Strategy, Logistics News

Industrial boom continues through late 2021, and beyond

We’ve all seen how the Covid-19 pandemic gave the industrial real estate sector the push it needed to go from well-poised to interstellar. Now research from the Commercial Real Estate Development Association suggests there will be no slowing down for the industrial market in the upcoming year.  Read More

Topics: Diminishing Warehouse space, Industrial Real Estate Market, NAI Harmon Group

Why is there a Shortage in Warehouse Space?

Some days this feels like the best of times for those who operate logistics companies and who operate industrial real estate, but the worst of times for those looking for a bargain on warehouse space. There has been significant economic growth, and the U.S. industrial market continues to expand. Nationwide, warehouse vacancy decreased to 4.3% in the first quarter of 2019. This is near the lowest this number has been since this data began to be tracked in 1980. In certain markets, it is even lower, sometimes just a few properties. Moreover, the Class A and B space was the first to be absorbed; much of what is currently available is Class C and D, and these are mostly 50-year obsolete properties and shuttered manufacturing plants. In response to this trend, new warehouse construction is going through the roof, with 258 million square feet in new space under construction, the majority of which are speculative buildings. However, this supply of new warehouses is still less than current demand. Are you challenged to find high quality warehouse space and service providers where and when you need them? Spartan Logistics has been planning for this day for 30 years.  Read More

Topics: Diminishing Warehouse space, NAI Harmon Group