What I'm Reading Head for the Border: Onshoring and nearshoring production trends will increase emphasis on logistics facilities near border locations and intermodal hubs with sizable rail and road infrastructures. San Diego, Detroit and San Antonio could emerge as winners as well as several Atlantic coast port cities. Globe Street...
July 13th – Stand Off
What I'm Reading Stand Off: The industrial market remains extremely tight when it comes to occupancy and rent growth. However, transactions are slowing as the bid-ask spread between buyer and seller rise. Globe Street Haves and Have Nots: Remote work may be great for long time employees but it has...
July 12th – Mixed Signals
What I'm Reading Mixed Signals: The US employment report for June continued to show a strong labor market consistent with a strong economy with moderating inflationary pressures. However, other economic data are telling a worrisome story of an economy that could be entering into recession even while the underlying inflation...
May 31st – On the Move
What I'm Reading On the Move: The U-Haul move data is out for 2021. Unsurprisingly, RanchHarbor markets Texas, Florida, Arizona, Idaho and New Mexico all did well. California was at the bottom of the list. U-Haul See Also: Verizon data shows that Florida has been the big pandemic migration winner. ...
May 17th – The Waiting Game
What I'm Reading The Waiting Game: Buyers who signed contracts for new homes are now facing the risk that rising mortgage rates will make them unable to afford it by the time the home is completed. Wall Street Journal Open the Gates: More than four dozen former national security leaders...
May 13th – Can’t Fix Stupid
What I'm Reading Can't Fix Stupid: California's Democratic State Senate Leader Toni Atkins is proposing to spend $10 billion to help families buy homes. The proposal would create a revolving fund that would provide interest-free loans for up to 30% of the purchase price of a home for low- and...
May 2nd – Whipsaw
What I'm Reading Whipsaw: US GDP surprised to the downside last week, declining 1.4%. The drop stemmed from a widening trade deficit. Imports to the U.S. surged and exports fell, dynamics reflecting pandemic-related supply-chain constraints. A slower pace of inventory investment by businesses in the first quarter—compared with a rapid...
April 26th – Pacman
What I'm Reading Pacman: BREIT is buying another giant operating platform. This time, its industrial investor PS Business Parks, which will be purchased for $7.6 billion. Business Wire Permanent capital continues to eat the (commercial real estate) world. Race to the Bottom: Companies keep paring down their demands for days...
March 22nd – Upward Spiral
What I'm Reading Upward Spiral: Employment is strong and rents are rising quickly. People want to buy homes, in part to protect themselves against rising rents. The obvious answer is to build more homes. However, this is easier said than done thanks in part to a shortage of raw materials...
January 7th – Poached
What I'm Reading Poached: Boise, Idaho has an interesting jobs dynamic that I suspect is playing out in other so-called 'Zoom towns' as well. Historically low local wages, coupled with a strong talent pool have made Boise a target-rich environment for coastal companies - especially in tech - looking for...