JLL

The report, entitled “JLL’s U.S. IND Market Dynamics Q3,” stated that third-quarter leasing volume reached 146.2 million square feet (MSF), marking the highest level of leasing activity since the first quarter of 2024 (and 387.1 MSF year-to-date).

Chicago-based industrial real estate firm JLL announced today it is expanding its service portfolio, with the addition of its new Advanced Manufacturing Group. Company officials said that this group is part of its Industries team, and will focus on delivering specialized industry-leading expertise and integrated solutions to developers, occupiers and investors involved in the manufacturing of complex, customized products.

The report, entitled “2024-2025 Industrial Tenant Demand Study,” explained that requirements have fallen 1.8% annually, to 792,000 square-feet (SF), with companies adopting a more cautious approach and focusing things like lean cost savings and carefully evaluating their options. And it added that this shift is paced by multiple things like inventory carrying costs, interest rates, and supply chain considerations.  

The white paper discusses the challenges of final-mile delivery in urban areas, exacerbated by the pandemic, and offers strategies to optimize logistics, with a focus on urban warehouses.

The white paper offers a checklist to help businesses evaluate whether to renew their expiring industrial real estate leases or seek new warehouse space to better align with their goals.

Optimize your business success by strategically selecting warehouse sites in markets with abundant talent pools to improve recruitment, retention, and operational efficiency.

In its “U.S. Industrial Outlook: Q2 2022,” JLL cited various factors driving continued market strength, paced by rents topping the $8.00 per square-foot (PSF) mark, at $8.01, its highest level on record, with annual rent growth up 21% annually. Average PSF rents for warehousing & distribution and manufacturing came in at $8.04 and $7.79, respectively, with special purpose at $11.07.

The national vacancy rate, despite an influx of new deliveries, heading down, for the sixth consecutive quarter, from 3.8% to 3.4%, and the average asking rent increased to $7.62 per square-foot (p.s.f.), up 7% compared to the fourth quarter, marking the largest quarter-over-quarter increase going back to at least 2000.

The report—entitled “The race for industrial space: Can supply keep up?”—focuses on the challenges that industrial real estate stakeholders are up against, at a time when industrial space availability continues to trend down.

More than 137.9 million square-feet (MSF) of industrial product was leased, a new 2021 high, according to Data recently issued by Los Angeles-based industrial real estate firm JLL, in its “Q3 Industrial Report.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Rich Thompson, International Director, JLL Supply Chain & Logistics Solutions.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Walter Kemmsies, principal of The Kemmsies Group.

Faced with product shortages, today not only are shippers looking to replenish shelves, but the movement from just-in-time inventory management to safety stock arrangements is causing an uptick in storage needs.

JLL observed that the combination of leasing and construction activity in the quarter helped drive industrial real estate momentum, with market availability extremely tight, due to all-time low vacancies and new market-high rents. What’s more, she added that as steel shortages and fluctuating prices continue, there has been a minimal impact on the construction pipeline, which saw 69 million square-feet delivered in the second quarter.

Long “the sick man” of the transportation ecosystem, the container-shipping industry stands on the brink of a new era of sustainable profitability. But can carriers now step off the boom-and-bust treadmill and continue to balance capacity against demand?