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
JLL West Michigan Industrial Insight & Statistics - Q1 2020Harrison West
While West Michigan market has seen historically low vacancy figures and impressive rent growth the past few years, we should expect things to slow in Q2 as the effects of the COVID-19 pandemic begin to take hold. Market fundamentals remain stable; however, given the current uncertainty, we expect leasing and sales activity to slow considerably in the near term as occupiers evaluate their current and future space needs.
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.
Manhattan Beach real estate statistics and analysis for June 2017. Includes homes sales, listings and historical performance on a month to month and year over year basis.
As we anticipated in the first quarter, leasing activity from the previous year has brought further reduction in the vacancy rate. With several large lease expansions commencing from Centene, Nestlé Purina, Clarkson Eye Care, and Varsity Tutors, total vacancy is below 14.0 percent for the first time since 2008. Find out more in our Q2 2016 Office Outlook
A surge in the labor force caused the St. Louis unemployment rate to spike 60 basis points from the previous months to 6.0 percent. This is still an improvement of 150 basis points from the previous year. The labor force increased by 3.4 percent year-over-year; its largest change since 1995 and an encouraging sign that more workers are available in the local labor force.
JLL West Michigan Industrial Insight & Statistics - Q3 2019Harrison West
While conditions in the West Michigan industrial market have remained stable in the third quarter, both vacancies and rent growth have leveled off this year. Market-wide vacancy is currently 3.7 percent, illustrating how tight the market is, and average asking rents have held steady since the beginning of the year, currently coming in at $3.45 per square foot.
JLL Downtown Chicago Office Market Update - Q3 2016Hailey Harrington
Chicago's shifting supply and demand. River North Inventory increases 4.2 million square feet of new product as tech tenant demand driving conversions to office due to limited supply.
JLL West Michigan Industrial Insight & Statistics - Q1 2020Harrison West
While West Michigan market has seen historically low vacancy figures and impressive rent growth the past few years, we should expect things to slow in Q2 as the effects of the COVID-19 pandemic begin to take hold. Market fundamentals remain stable; however, given the current uncertainty, we expect leasing and sales activity to slow considerably in the near term as occupiers evaluate their current and future space needs.
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.
Manhattan Beach real estate statistics and analysis for June 2017. Includes homes sales, listings and historical performance on a month to month and year over year basis.
As we anticipated in the first quarter, leasing activity from the previous year has brought further reduction in the vacancy rate. With several large lease expansions commencing from Centene, Nestlé Purina, Clarkson Eye Care, and Varsity Tutors, total vacancy is below 14.0 percent for the first time since 2008. Find out more in our Q2 2016 Office Outlook
A surge in the labor force caused the St. Louis unemployment rate to spike 60 basis points from the previous months to 6.0 percent. This is still an improvement of 150 basis points from the previous year. The labor force increased by 3.4 percent year-over-year; its largest change since 1995 and an encouraging sign that more workers are available in the local labor force.
JLL West Michigan Industrial Insight & Statistics - Q3 2019Harrison West
While conditions in the West Michigan industrial market have remained stable in the third quarter, both vacancies and rent growth have leveled off this year. Market-wide vacancy is currently 3.7 percent, illustrating how tight the market is, and average asking rents have held steady since the beginning of the year, currently coming in at $3.45 per square foot.
JLL Downtown Chicago Office Market Update - Q3 2016Hailey Harrington
Chicago's shifting supply and demand. River North Inventory increases 4.2 million square feet of new product as tech tenant demand driving conversions to office due to limited supply.
Presentation for a fictitious product for Henkel (a washing cube that doses the right amount of detergent; can be thrown in with the clothes) by: Julia Donsbach, Carmen Neghina (design), Alina Oprea, Hella Rieger & Sonia Rodriguez-Sanchez.
Alejandra Ruiz-Rodriguez
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.
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.
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 Louisville Industrial Outlook - Q4 2016Ross Bratcher
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.
Vacancy across the region is down 180 basis points from the third quarter of last year. Much of the gains have come in Class B properties, which have absorbed three times more square footage in 2016 than Class A properties. Find out more in our Q3 Office Outlook.
Leasing activity signals future gains. More than 250,000 square feet of expansions were signed this quarter, with most commencing in the next six months.
Industrial construction set a record in 2016. Our new interactive map allows you to view where it all happened. Follow the link to see more. http://arcg.is/2jmS4LM
The St. Louis labor market continues to be very healthy. Non-farm payrolls in St. Louis rose 3.1 percent year-over-year, the most in 15 years. This led to the unemployment rate to fall below 4.0 percent for the first time since 2000.
Office vacancy is at an eight year low the region absorbed more than 600,000 square feet of space for the second year in row. Find out more in Q4 Office Outlook.
While there might not be cranes across the skyline yet, Downtown St. Louis is seeing a significant amount of development activity across many product types. Find out more in our newest interactive map. http://arcg.is/2gnfgbO
Hiring in St. Louis continues to outpace the U.S. as non-farm payrolls grew by 2.6 percent from the previous year. Find out more in our November Employment Update
Payroll growth in St. Louis continued to keep pace with the national average. The unemployment rate moved up slightly as the labor force continued to expand. Find out more in our monthly Employment Update.
Record employment continues across the region as the unemployment rate remains below 5.0% for the third consecutive month. Find out more in our new Employment Update
Last year, passenger traffic at Lambert-St. Louis International Airport (STL) rose for the first time since 2012. With over 12.7 million people flying through, it was the most active year for the airport since 2008. Increased passenger volume was the largest since 2006. The summer months are the most active with an average of more than 1.1 million passengers May through August.
Total absorption through the first three quarters of 2015 was at its highest level since the end of the recession and all of those gains have been in the suburbs. Diving even further, 92.0 percent of the absorption has been in Northwest County and Clayton
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One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
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.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
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.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
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.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
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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/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
2. Change in industrial employment (in thousands)
Source: JLL Research, BLS
Number of transactions by size
Source: JLL Research
Construction activity by type (under construction)
Source: JLL Research
Employment rises with occupancy
Industrial employment had year-over-year growth for 37 consecutive months,
mirroring the growth in occupied space over that time. This overall trend should
continue through year-end as tenants continue to take on additional space.
However, not all sectors of industrial employment are growing. Manufacturing
employment has started to slip after 20 months of annual growth. The sector has
slid for past six months. Several companies that are leasing new facilities
include: New Balance, GM, Amazon, and DB Schenker.
Smaller leases headline activity
The headline of the quarter was Amazon leasing two speculative buildings in the
Metro East submarket. The leases total nearly 1.5 million square feet and will
provide a huge boost to absorption when they commence later this year. Beyond
those two transactions, other activity this quarter was under 250,000 square feet.
That size segment was led by DB Schenker’s 214,000-square-foot lease at
Tristar’s third spec building in Gateway Commerce Center. The 523,000-square-
foot building is set for completion this year. Unlike last quarter when most leases
were renewals, new tenants to the market consisted of over half of leasing
activity by square footage.
New development spreading across the region
With almost five million square feet under construction, the market is now set to
deliver over six million square feet in 2016. That will be at or near record levels
achieved in the early 2000’s. Nearly two-thirds of what is under construction is
build-to-suit. Those projects are led by the Schnucks (923,000 square feet) and
GM (1,200,000 square feet) and Reckitt Benckiser (715,000 square feet). The
latter two buildings are located in St. Charles County. The high level of pre-
leasing in those buildings and others will bring absorption around five million
square feet in 2016.
More buildings are on the way
61%
8%
31%
BTS
Owner-user
Speculative
Industrial Insight
St. Louis | Q2 2016
331,670
Quarterly absorption (s.f.)
236,299
Warehouse absorption (s.f.)
2,179,788
Total deliveries YTD
4,734,060
Total under construction (s.f.)
6.6%
Total vacancy
1,480,780
Speculative construction (s.f.)
2.5%
12-month rental rate growth
73.3%
Total preleased
2
-
4
8 8
0
5
10
500,000+ 250,000-
499,999
100,000-
249,999
50,000-
99,999
10,000-
49,999
(10)
0
10
20
2013 2014 2015 2016
Mining, Logging & Construction Trade, Transportation & Utilities
Manufacturing Other Services
3. Industrial Leasing Activity Report
St. Louis
Q2 2016
This report analyzes all closed industrial leases > 30,000 s.f.
21
2,822,749
2,791,249
0
-
39
5,687,018
Avg. building
construction date
586,156
0
155,424
1,744,540
0
31,000
Top 10 lease transactions during the quarter
Size Building status Year built
769,500 Existing 2016
717,250 Existing 2016
214,890 Existing 2016
148,146 Existing 1965
120,000 Planned 1964
116,783 Existing 1997
80,000 Existing 1997
63,354 Existing 1971
62,240 Existing 2016
61,057 Existing 2003
Total s.f. leased QTD:
Warehouse/Distribution
Leasing activity QTD
1994
Total s.f. leased QTD:
Manufacturing
Leasing activity by transaction type QTD
Total s.f. leased QTD:
Special Purpose
Total leases YTD
134,417
Total s.f. leased YTD
At a glance
Total leases QTD
Total s.f. leased QTD
Leasing activity by size QTD
Leasing activity by submarket QTD
Amazon
Tenant Address Submarket
Avg. lease size (in s.f.)
Expansion in market
Expansion in building
Renewal
Extension (< 36-month term)
Relocation within market
New to market
Lease type
3931 Lakeview Corporate Drive Metro East Direct
3049 Gateway Commerce Center
Dr. S.
Metro East
Metro East3050 Gateway Commerce Center Direct
Direct
Sundisc Abrasives USA, LLC 11418-11446 Moog Dr. Mid County Direct
Epsilon Data Management 1 American Eagle Plz. North County
World Wide Technology
Direct
Fisher Rosemount Systems 5505 Natural Bridge St. Louis City Direct
Direct
Re-Sort Solutions 2081-2089 Corporate 44 Dr South County Direct
Perfection Hy-Test Company
306 Hazelwood Logistics Center
Drive
North County Direct
Amazon
11911 Adie Rd Mid County
Schenker, Inc.
DirectMid CountySolar Control Films 1220 N Price Rd
60.3%
14.3%
15.3%
3.7%
6.4%
Metro East
Mid County
North County
South County
St. Louis City
-
0
0
1
1
1
1
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Historical leasing activity
2 - 4 8 8
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
500,000+ 250,000-499,999 100,000-249,999 50,000-99,999 10,000-49,999
Total leased Number of leases
Source: JLL Research 2015 Jones Lang LaSalle IP, Inc. All rights reserved.
4. Industrial Development Report
St Louis
Q2 16
This report analyzes all industrial developments under construction & new deliveries > 30,000 s.f.
Total leased at delivery (%) 48.1%
Total speculative at delivery (s.f.) 2,019,788
Total BTS at delivery (s.f.) 160,000
Total Owner-User at delivery (s.f.) -
Total # of properties delivered 7
Asking rental rate (low - high) $0.00 - $0.00
Top 5 projects delivered to date
Building RBA (s.f.) Delivery date
Leased at
delivery (%)
3931 Lakeview Corporate Drive 769,500 Q2 2016 100%
Gateway East 717 717,000 Q1 2016 0%
Hazelwood Logistics Spec 199,288 Q2 2016 59%
1000 Integram Dr. 160,000 Q1 2016 100%
501 Fountain Lakes Boulevard 138,000 Q2 2016 0%
Total pre-leased (%) 73.3%
Total speculative under construction (s.f.) 1,480,780
Total BTS under construction (s.f.) 2,886,280
Total Owner-user under construction (s.f.) 367,000
Total # of properties UC 8
Asking rental rate (low - high) $0.00 - $0.00
Top 5 projects currently under construction
Building RBA (s.f.) Delivery date Pre-leased (%)
GM Supplier Building 1,200,000 2016 100%
Schnuck's Distribution Center 923,500 2016 100%
2001 Premier Parkway 714,780 Q4 2016 100%
Northpark Distribution Center I 538,000 Q4 2016 0%
Gateway East 520 520,980 Q4 2016 41%
BTS
Speculative
Speculative
Submarket
Under construction
4,734,060
Under construction (s.f.)
Under construction in-depth
Upcoming deliveries by year (s.f., excludes YTD completions)
New deliveries
Completions in-depth
2,179,788
Total delivered YTD (s.f.)
Historical deliveries (s.f.)
Construction typeOwnerSubmarket
St. Charles County
Franklin County
North County
Metro East
Metro East
JB Management
-
Northpoint
Tristar
Panattoni Development
Speculative
Speculative
Metro East
North County
St. Charles County
North County
St. Charles County
Speculative
Speculative
Owner Construction type
BTS
Tristar
Northpark Partners
Duke Realty
Northpark Partners
Northpoint
BTS
BTS
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2010 2011 2012 2013 2014 2015 YTD 2016
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2016
BTS Owner-user Speculative
Source: JLL Research 2015 Jones Lang LaSalle IP, Inc. All rights reserved.
5. Industrial Statistics
St. Louis | Q2 2016
Inventory
(s.f.)
Quarterly
total net
absorption
(s.f.)
YTD
total net
absorption
(s.f.)
YTD
total net
absorption
(% of stock)
Total
vacancy
(%)
Total
availability
(%)
Average
total asking
rent
($ p.s.f.)
Quarterly
completions
(s.f.)
YTD
completions
(s.f.)
Under
construction
(s.f.)
St. Louis Total
Warehouse & distribution 150,544,350 236,299 966,646 0.6% 7.5% 12.5% $3.85 1,231,788 2,179,788 4,367,060
Manufacturing 62,068,603 95,371 -12,524 0.0% 3.8% 7.0% $2.94 0 0 367,000
Totals 212,612,953 331,670 954,122 0.4% 6.1% 11.4% $3.68 1,231,788 2,179,788 4,734,060
Submarkets
Metro East
Warehouse & Distribution 25,341,999 -31,839 -232,011 -0.9% 9.0% 6.0% $3.84 769,500 1,486,500 520,980
Manufacturing 9,583,454 30,150 30,150 0.3% 0.9% 2.1% $4.65 0 0 0
Totals 34,925,453 -1,689 -201,861 -0.6% 6.8% 4.9% $3.91 769,500 1,486,500 520,980
St. Louis City
Warehouse & Distribution 39,650,096 -15,200 106,550 0.3% 9.2% 21.1% $2.90 125,000 125,000 0
Manufacturing 18,755,909 -59,779 -59,779 -0.3% 9.0% 14.4% $2.19 0 0 0
Totals 58,406,005 -74,979 46,771 0.1% 9.1% 18.9% $2.59 125,000 125,000 0
Mid County
Warehouse & Distribution 22,359,130 191,316 312,451 1.4% 5.6% 8.5% $3.70 0 0 0
Manufacturing 5,820,995 100,000 124,485 0.1% 2.0% 2.0% $3.97 0 0 0
Totals 28,180,125 291,316 436,936 1.6% 4.4% 7.2% $3.91 0 0 0
South County
Warehouse & Distribution 8,291,415 74,023 92,500 1.1% 4.4% 11.6% $5.57 0 0 0
Manufacturing 4,113,587 -10,000 -153,160 -3.7% 4.7% 14.1% $2.95 0 0 0
Totals 12,405,002 64,023 -60,660 -0.5% 4.5% 12.5% $5.30 0 0 0
West County
Warehouse & Distribution 2,551,795 0 -1,182 0.0% 2.3% 5.1% $3.90 0 0 0
Manufacturing 2,799,134 10,780 10,780 0.4% 0.1% 7.0% $5.25 0 0 0
Totals 5,350,929 10,780 9,598 0.2% 1.1% 6.1% $3.92 0 0 0
North County
Warehouse & Distribution 32,350,529 -50,146 137,854 0.4% 9.8% 15.1% $4.12 199,288 270,288 1,883,300
Manufacturing 8,732,923 0 0 0.0% 0.1% 0.9% $3.10 0 0 367,000
Totals 41,083,452 -50,146 137,854 0.3% 7.7% 12.1% $4.06 199,288 270,288 2,250,300
St. Charles County
Warehouse & Distribution 12,715,911 23,926 246,361 1.9% 2.4% 3.6% $3.91 138,000 138,000 1,962,780
Manufacturing 8,115,858 35,000 35,000 0.4% 0.7% 1.4% $4.41 0 0 0
Totals 20,831,769 58,926 281,361 1.4% 1.7% 2.7% $4.02 138,000 138,000 1,962,780
Other Counties
Warehouse & Distribution 7,158,475 44,219 304,123 4.2% 3.3% 7.2% $2.41 0 160,000 0
Manufacturing 4,146,743 0 0 0.0% 7.8% 9.0% $2.94 0 0 0
Totals 11,305,218 44,219 304,123 2.7% 5.0% 7.9% $2.68 0 160,000 0
211 N Broadway, St. Louis, MO 63102 tel +1 314 261 7377 blaise.tomazic@am.jll.com
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Blaise Tomazic Research Manager