New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
JLL Louisville Industrial Outlook - Q3 2016Ross Bratcher
Speculative development in River Ridge accelerates with the upcoming completion of the East End Bridge as 2.54 million square feet of space has delivered year-to-date in the submarket. Industrial employment growth receives a boost from Louisville’s “Big Three” (Ford, UPS, and GE/Haier). Developers are answering the call for new modern bulk warehouse product, construction is focused in the Southern Indiana, Airport, and Bullitt County submarkets.
JLL Louisville Industrial Outlook Q3 2017 Ross Bratcher
Once viewed as a tertiary market and later defined as an emerging distribution hub, Metro-Louisville is now established as an Inland Port and garners the attention of institutional developers, investors and occupiers. Growth in the market has been driv0en by Louisville’s central location within the US as well as the three main employers: UPS, Ford Motor Co., and GE Appliances.
JLL Louisville Industrial Outlook - Q1 2017 Ross Bratcher
After finishing 2016 with ten straight years of positive absorption, the Louisville market delivered once again in the first quarter with 605,767 square feet of absorption. Driven by Arvato’s lease signed at Molto’s 645,000-square-foot Airport Commerce Center II and multiple deals signed in the Riverport submarket leasing activity started 2017 on a high note.
JLL Louisville Industrial Outlook - Q3 2016Ross Bratcher
Speculative development in River Ridge accelerates with the upcoming completion of the East End Bridge as 2.54 million square feet of space has delivered year-to-date in the submarket. Industrial employment growth receives a boost from Louisville’s “Big Three” (Ford, UPS, and GE/Haier). Developers are answering the call for new modern bulk warehouse product, construction is focused in the Southern Indiana, Airport, and Bullitt County submarkets.
JLL Louisville Industrial Outlook Q3 2017 Ross Bratcher
Once viewed as a tertiary market and later defined as an emerging distribution hub, Metro-Louisville is now established as an Inland Port and garners the attention of institutional developers, investors and occupiers. Growth in the market has been driv0en by Louisville’s central location within the US as well as the three main employers: UPS, Ford Motor Co., and GE Appliances.
JLL Louisville Industrial Outlook - Q1 2017 Ross Bratcher
After finishing 2016 with ten straight years of positive absorption, the Louisville market delivered once again in the first quarter with 605,767 square feet of absorption. Driven by Arvato’s lease signed at Molto’s 645,000-square-foot Airport Commerce Center II and multiple deals signed in the Riverport submarket leasing activity started 2017 on a high note.
With demand rising steadily and supply running low in Columbus, now is a great time to be a landlord. As a tenant, with the introduction of many "big" players in the Columbus market and the third party vendors that follow, now is the time lease or become an owner/occupier before the market fully adjusts to today's supply and demand of industrial space. Let the Colliers Columbus Industrial Team add value to your next transaction with our proven industry knowledge and systematic approach- contact me with any questions regarding our market report or how we can be of assistance in achieving your business' goals.
The St. Louis industrial market had more then three million square feet of absorption in the third quarter. Find out more in our latest Industrial Outlook.
With demand rising steadily and supply running low in Columbus, now is a great time to be a landlord. As a tenant, with the introduction of many "big" players in the Columbus market and the third party vendors that follow, now is the time lease or become an owner/occupier before the market fully adjusts to today's supply and demand of industrial space. Let the Colliers Columbus Industrial Team add value to your next transaction with our proven industry knowledge and systematic approach- contact me with any questions regarding our market report or how we can be of assistance in achieving your business' goals.
The St. Louis industrial market had more then three million square feet of absorption in the third quarter. Find out more in our latest Industrial Outlook.
Lots of great information in our Q2 industrial report. Construction continues to ramp up and some large leases will provide a boost to absorption later this year
Thanks to several large leases including ones signed by Paylocity, US Cellular and Combined Insurance, the suburbs had strong first half of 2016 with leasing activity reaching over 2.5 million square feet.
Share or view online at colliers.com/houston
Houston’s industrial market continues to expand adding 3.4M SF of new inventory in Q1 2019 with an additional 16.2M SF under construction
JLL Louisville Office Outlook - Q1 2017Ross Bratcher
The Louisville market saw positive leasing activity through in the first quarter, in addition to two large national wins for the market. National site selection searches led Diversified Consultants to sign a lease for 40,000 square feet, while Ernst & Young announced their intent to find space for 125 employees in the Central Business District. Local players such as Scoppechio and Atria Senior Living signed a 41,000-square-foot lease and a 16,000-square-foot expansion respectively driving activity in the Central Business District.
JLL Louisville: Full Circle Report 2017Ross Bratcher
Over the last five years, downtown Louisville has experienced a historic transition thanks to its investment in bourbon tourism, entertainment, and hospitality. This transition has infused life into the urban core and created an attractive environment for both young professionals and corporations alike.
JLL Cincinnati: Full Circle Report 2017Ross Bratcher
Downtown Cincinnati has undergone a tremendous transformation over the last five years that has positioned its urban core to be a live-work-play destination for companies, professionals, and visitors. Cincinnati is home to a mature corporate community consisting of 10 Fortune 500 companies. In addition, Downtown Cincinnati has become a hotbed for startup activity as companies flock to the Central Business District and Over-The-Rhine to attract and retain top talent.
Investment activity returned to Louisville as two high-profile office assets traded hands to end the year, reaffirming investor confidence in the market. The downtown office market notched another significant win as Computershare announced a ten year, 1,100 job hiring increase that will result in an expansion of 100,000 square feet in Meidinger tower. As newly delivered Class A product is be absorbed within the market, Class B space continues to lag behind as asking rates are decreasing.
JLL Cincinnati Industrial Outlook - Q3 2016Ross Bratcher
Construction activity continued to trend smaller as buildings of less than 300,000 square feet accounted for the majority of projects in the development pipeline. Class B leasing activity outpaced Class A in the third quarter as Class B landlords increase tenant improvement packages to become more competitive. Two speculative projects commenced in the Airport submarket combining for a total of 415,800 square feet.
The third quarter saw the delivery of the downtown streetcar and the GE Global Operations Center at the banks, both projects were two of Cincinnati’s most highly anticipated deliveries in years. Developers continued to cautiously move forward with planned projects as they look to land large users for preleasing before they begin construction.
Year-to-date leasing activity surpassed the 2015 total in the third quarter, a positive sign for market. As the long-awaited East End Bridge nears completion, developers are looking to acquire land along the newly-opened access points as activity shifts to the northeast. In addition, four projects were announced in the third quarter total over 300,000 square feet of proposed speculative space as developers remain bullish on the market.
We are pleased to share the second quarter office research reports for Cincinnati. Below you will find a link to the reports as well as a summary of the key themes examined in the second quarter research.
JLL Columbus Chart of the Week: November 23, 2015 Ross Bratcher
Rising demand across the Columbus office market has led to steady decreases in vacancy across both Class A and Class B assets. Class A vacancy currently stands at 9.7 percent, a decrease of 2.7 percent year-over-year. Meanwhile, Class B vacancy is 15.1 percent, a decline of 20 basis points year-over-year.
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Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Simpolo Tiles & Bathware
Tile ho,
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Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
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Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
2. Modern bulk asking rates by submarket
Source: JLL Research
Louisville industrial employment
Source: JLL Research, Bureau of Labor Statistics
2016 modern bulk leasing velocity
Source: JLL Research
-25.0
-15.0
-5.0
5.0
15.0
2011 2012 2013 2014 2015 2016
Trade,Transportation & Utilities
Manufacturing
Other Services
Mining, Logging & Construction
$3.00
$3.50
$4.00
2012 2013 2014 2015 2016
Bullitt County Airport Southern Indiana
New construction, tenant demand keep rates at high levels
Louisville’s industrial market finished 2016 with its tenth consecutive year of
positive absorption and over 6.0 million square feet of construction deliveries. As
land and construction costs have risen with tenant demand, developers have
pressed rental rates to historic highs. Leasing activity remained strong
throughout 2016 with over 3.6 million square feet of positive net absorption,
providing further support for rate increases. This sustained leasing activity and
strong tenant demand has guided developers to add more speculative product to
the pipeline, even as recently delivered product remains available. Expect rental
rates to level off as the rest of the pipeline delivers in the coming eight months.
Employment challenges meet creative solutions, new political landscape
Louisville’s industrial employment remains in a growth phase due to its continued
success in attracting logistics and e-commerce providers, which has also created
a tight labor market. In addition, Louisville’s “Big Three” (Ford, UPS, and
GE/Haier) have faced increased pressure from labor unions. These challenges
are being addressed by warehouse managers working together to stagger shifts
during peak holiday season hours, as well as tapping into local High Schools for
the seasonal employment pool. November’s election brought historic change as
the State House, State Senate and Governor’s seat are all under Republican
control. The state GOP has singled out right-to-work as a top agenda item, which
will have a major impact on Louisville’s industrial labor market.
Leasing velocity remains true to historic size segments in 2016
Three giant leases were signed in 2016 while the majority of leasing activity was
driven by deals within the 100,000 to 325,000-square-foot size range. Deals
falling within this size segment were signed across all submarkets, displaying the
strength of tenant demand. Meanwhile, the three deals signed for more than
600,000 square feet took place in the Airport and Bullitt County submarkets.
Construction activity has responded to this trend with the majority of projects in
the pipeline able to accommodate single or multiple tenants within the 100,000 to
300,000-square-foot range. Meanwhile, the three projects under construction
greater than 500,000 square feet are located in the Bullitt County and Southern
Indiana submarkets, shifting from the Airport submarket in 2016.
Market achieves positive absorption for 10th year
Industrial Insight
Louisville | Q4 2016
$3.68
Average NNN asking rent
3,772,033
Total under construction (s.f.)
1,805,050
Quarterly completions (s.f.)
3,843,783
YTD net absorption (s.f.)
8.7%
Total vacancy
5,896,471
YTD Completions (s.f.)
826,670
Quarterly net absorption (s.f.)
57,619,612
Market size(s.f.)
JLL | Louisville | Industrial Outlook | Q4 2016
0.0
0.5
1.0
1.5
2.0
2.5
0
5
10
15
50,000 to
99,999
100,000 to
249,999
250,000 to
349,999
350,000+
(m.s.f.)(# of leases) # Leases SF
3. Inventory
(s.f.)
YTD
total net
absorption
(s.f.)
YTD
total net
absorption
(% of stock)
Total Vacancy
(%)
Average
total asking
rent
($ p.s.f.)
YTD
completions
(s.f.)
Under
construction
(s.f.)
Airport 20,169,841 861,858 4.3% 4.7% $3.35 1,372,470 1,422,585
Bullitt County 12,261,199 1,202,948 9.8% 10.1% $3.83 1,057,042 721,050
East 5,028,451 563,369 11.2% 0.0% $5.50 563,369 0
Riverport 11,957,666 -277,892 -2.3% 9.8% $3.29 362,500 370,798
Southern Indiana 8,202,455 1,493,500 18.2% 20.3% $3.92 2,541,090 1,257,600
Louisville Totals 57,619,612 3,843,783 6.7% 8.7% $3.68 5,896,471 3,772,033
This report analyzes all industrial buidings greater than 100,000 s.f. with a minimum clear height of 24'
Modern Bulk Statistics
Louisville | Q4 2016
7.7%
15.1% 15.6%
12.2%
9.2%
8.3%
7.2%
6.6%
5.7% 8.7%
2.0%
5.0%
8.0%
11.0%
14.0%
17.0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Total vacancy rate (%)
1,005,248
2,117,585
1,014,608
1,750,850
2,234,648
1,934,181 2,059,001
2,742,889
3,029,702
3,843,783
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Total net absorption (s.f.)
JLL | Louisville | Industrial Outlook | Q4 2016
4. This report analyzes all industrial developments under construction & new deliveries > 100,000 s.f.
Total leased at delivery (%) 57.2%
Total speculative at delivery (s.f.) 3,457,002
Total BTS at delivery (s.f.) 2,076,969
Total Owner-User at delivery (s.f.) 362,500
Total # of properties delivered 18
Asking rental rate (low - high) $3.85 - $4.25
Top 5 projects delivered to date
Building RBA (s.f.) Delivery date
Leased at
delivery (%)
Airport Commerce Center I 622,426 Q1 2016 74%
LogistiCenter at 480 546,000 Q4 2016 0%
100 Patrol Road 500,000 Q1 2016 35%
Pinchal River Ridge 458,640 Q3 2016 0%
Opus River Ridge 426,450 Q4 2016 0%
Total pre-leased (%) 17.1%
Total speculative under construction (s.f.) 3,772,033
Total BTS under construction (s.f.) -
Total Owner-user under construction (s.f.) -
Total # of properties UC 7
Asking rental rate (low - high) $3.69 - $3.95
Top 5 projects currently under construction
Building RBA (s.f.) Delivery date
Pre-leased
(%)
Velocity 65 Bldg 1 721,050 Q3 2017 0%
Crossdock River Ridge 664,800 Q1 2017 0%
Airport Commerce Center II 645,840 Q1 2017 100%
Van Trust River Ridge 592,800 Q1 2017 0%
New Cut Center Bldg 1 452,745 Q2 2017 0%Speculative
Speculative
Owner Construction type
Speculative
Main Street Realty
Van Trust
Molto
Browning Speculative
Crossdock Development Speculative
Airport
Southern Indiana
Airport
Bullitt County
Southern Indiana
Historical deliveries (s.f.)
Construction typeOwnerSubmarket
Southern Indiana
Southern Indiana
Southern Indiana
Bullitt County
Airport
Opus
Pinchal & Co.
Capstone Realty
Dermody Properties
Molto
Speculative
Speculative
New deliveries
Completions in-depth
5,896,471
2016 Deliveries (s.f.)
Speculative
Speculative
Speculative
Submarket
Under construction
3,772,033
Under construction (s.f.)
Under construction in-depth
Upcoming deliveries by year (s.f., excludes YTD completions)
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
2011 2012 2013 2014 2015 YTD 2016
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2017
Speculative
Industrial Development Report
Louisville | Q4 2016
JLL | Louisville | Industrial Outlook | Q4 2016
5. This report analyzes all industrial sales > 100,000 s.f.
$215,602,385
10
*$83
6.15-7%
100.0%
0.0%
6-6.5% 0 - -
- 10 $210,202,385
Top sales transactions YTD
Size (s.f.) $ p.s.f. Sale date
303,369 $138 Apr-16
622,426 $59 Mar-16
611,000 $53 Jun-16
418,000 $62 Mar-16
470,000 $55 Jun-16
270,000 $55 Jun-16
221,000 $55 Jun-16
137,500 $82 Jun-16
212,500 $46 Apr-16
126,165 $43 Sep-16
Versus/Molto JV
ARES
Prologis
Radial Inc. (Formerly eBay)
$37,000,000
$32,200,000
$25,750,000
$25,605,600
6900 Riverport Dr Another Room Self Storage DCT $5,400,000
2311 South Park Rd Monmouth Real Estate Gray Construction $11,304,000
9001 Cane Run Rd Industrial Property Trust Brennan Investment Group $9,700,000
Radial Inc. (Formerly eBay) $14,709,600
7700 Trade Port Dr Industrial Property Trust Radial Inc. (Formerly eBay) $12,040,080
9101 Cane Run Rd Industrial Property Trust
7111 Trade Port Dr Stoltz Real Estate Partners
7601 Trade Port Dr Industrial Property Trust
2501 Export Dr Patillo Industrial
649 Omega Parkway Industrial Property Trust
12900 Plantside Dr Columbia Property Investors Setzer Properties $41,893,105
Building address Buyer company Seller company Sales price $
Sales volume $ by submarket
Warehouse/Dist. sales volume
as % of total YTD
Flex/R&D sales volume as %
of total YTD
Cap rate range
Core Class A Ind.
Average Class A price p.s.f.
YTD* (skewed by FedEx sale)
At a glance
Total dollar volume YTD
Number of transactions YTD
Average Class A cap rate YTD
Sales activity by building type
Transactions details
Number of partial interest
transactions
Top sellers (s.f.)Top buyers (s.f.)
Number of domestic
buyers
Foreign capital $
Average partial interest
acquired
Number of foreign
buyers
Domestic Capital $
3,391,960 s.f.
$215,602,385
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
4,000,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
Warehouse / Distribution
Sum of Price ($) Sum of RBA (SF)
53%
18%
12%
9%
4%
4%
Industrial Property Trust Patillo Industrial
Stoltz Real Estate Partners Columbia Property Investors
Monmouth Real Estate Another Room Self Storage
28%
18%
18%
12%
9%
6%
4%
4%
Radial Inc. (Formerly eBay) Versus/Molto JV
ARES Prologis
Setzer Properties Brennan Investment Group
Gray Construction DCT Industrial
$93,205,280
$48,304,000
$41,893,105
$32,200,000
Riverport
Airport
East
Bullitt County
Industrial Sales Activity
Louisville | Q4 2016
JLL | Louisville | Industrial Outlook | Q4 2016
53%
18%
12%
9%
4% 4%
Industrial Property Trust Patillo Industrial
Stoltz Real Estate Partners Columbia Property Investors
Monmouth Real Estate Another Room Self Storage
28%
18%
18%
12%
9%
6%
4% 4%
Radial Inc. (Formerly eBay) Versus/Molto JV
ARES Prologis
Setzer Properties Brennan Investment Group
Gray Construction DCT Industrial
6. Industry employment stratification: Louisville
Industrial Employment Update
Louisville | Q4 2016
4.9%U.S. unemployment
1.7%U.S. 12-month job growth
4.6%Louisville unemployment
2.7%Louisville 12-month job growth
5.0%Kentucky unemployment
1.2%Kentucky 12-month job growth
Employment vs. unemployment rate: Louisville
Job growth (12-month change): United States vs. Louisville
Job growth/loss by sector (12-month change): Louisville
Industrial employment trends (12-month change, 000s): Louisville
0%
3%
6%
9%
12%
15%
480,000
540,000
600,000
660,000
2006 2008 2010 2012 2014 2016
Nonfarm employment
Unemployment
Trade, Transportation
& Utilities
145,600 22%
Educational &
Health Services
92,500 14%
Professional &
Business Services
88,200 13%
Manufacturing
79,100 12%Government 76,000
12%
Leisure & Hospitality
72,200 11%
Financial Activities
47,800 7%
Mining, Logging &
Construction
29,000 4%
Other Services
25,300 4%
Information
9,100 1%
-25.0
-15.0
-5.0
5.0
15.0
2010 2011 2012 2013 2014 2015 2016
Trade,Transportation & Utilities
Manufacturing
Other Services
Mining, Logging & Construction
-2,100
-200
-100
0
1,500
1,800
1,900
3,300
4,300
6,900
-4,000 -2,000 0 2,000 4,000 6,000 8,000
Government
Mining, Logging & Construction
Other Services
Information
Leisure & Hospitality
Financial Activities
Manufacturing
Professional & Business Services
Trade, Transportation & Utilities
Educational & Health Services
-4.0%
-2.0%
0.0%
2.0%
4.0%
2010 2011 2012 2013 2014 2015 2016
Louisville United States
JLL | Louisville | Industrial Outlook | Q4 2016
7. Industrial Submarket Map
Notable construction projects
JLL | Louisville | Industrial Outlook | Q4 2016
Gateway 600
Signed tenant(s): none
Square Feet: 592,800
Landlord: VanTrust
Estimated completion:
Q1 2017
Air Commerce Center II
Signed tenant(s): Confidential
Square Feet: 645,840
Landlord: Molto Properties
Estimated completion:
Q1 2017
Logisticenter at 480
Signed tenant(s): none
Square Feet: 546,000
Landlord: Dermody Properties
Completed:
Q4 2016
Crossdock River Ridge
Signed tenant(s): none
Square Feet: 664,800
Landlord: Crossdock Development
Estimated completion:
Q1 2017
New Cut Center Bldg 1
Signed tenant(s): none
Square Feet: 452,745
Landlord: Main Street Realty
Estimated completion:
Q2 2017
Lewis and Clark Bridge
Completed:
Q4 2016