The Effects of the Panama Canal Expansion on U.S. Ports

Panama Canal

The expansion of the Panama Canal is often referred to as a game-changer for global trade. The extent of the impact of Panama Canal expansion will depend largely on how U.S. ports and inland transportation providers invest in improvements to their infrastructure. With 65% of the canal’s tonnage either departing from or arriving to ports inside the U.S., it comes as little surprise that the canal’s expansion has prompted significant investments as port cities race to upgrade infrastructure in order to maintain competitiveness. Since 2009, the federal government has directly invested more than $400 million in infrastructure projects at 33 U.S. ports in 22 different states through the Transportation Investment Generating Economic Recovery (TIGER) program alone, all to improve the condition, efficiency and capacity of the nation’s ports— including roads, rail and waterside corridors that connect them with producers and consumers.
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New Jersey Industrial – Investors Want In

 

Warehouse

The New Jersey Industrial market (Northern & Central New Jersey) has performed well during the last year and a half. Overall vacancy has fallen more than a full percentage point since year-end 2012 and tighter market conditions have supported 7.1% rent growth over the same period. Robust demand in recent quarters yielded more than 6.0 million square feet of leasing activity in each of the first two quarters this year and more than 14.0 msf of space has been absorbed since the beginning of 2013.
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Brazil Post World Cup

World Cup

The World Cup ended on Sunday and despite their loss the early consensus is that Brazil was generally well-regarded as host by the international community. The next big hurdle that awaits Brazil are the Olympic Games in 2016. While Brazil can take a sigh of relief now that one of their major forays onto the world stage appears to have successfully passed, investor skepticism has not lifted quite yet. Their recent economic slow-down and the civil unrest that preceded the World Cup still dominate global headlines, making investors somewhat wary.
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BRICKELL CITY CENTRE – The Best is Yet to Come

Brickell_CitiCentre

Brickell is not only transforming into a true 24/7 city, but attracting worldwide recognition. Innovative skyscrapers have helped brand it as one of the most prestigious neighborhoods in the county. There is a collection of cool and low-key bars and boutiques that are magnets for young professionals. The culturally heterogeneous mix of people that live and work in Brickell have led to a recent surge in commercial activity. Brickell is alluring due to its pedestrian-friendly environment featuring select local merchants and specialty restaurants. Its strategic location, surfeit of amenities and unique urban atmosphere have led to increased demand for residential space in Brickell. Cranes are again in the air. Several projects are under construction in the market with many more in the planning stage. International buyers who purchase second or third homes here and young professionals migrating to the urban core are each driving the current wave of residential real estate development, which is being absorbed at a rapid pace.
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Bayou City Outpaces The Nation

Houston

Houston’s economy continues to add jobs well above the pace of the nation and in other large metropolitan areas. The unemployment rate in April was 4.6%, far below the national rate of 5.9%, with more than 85,000 jobs added over the last 12-months. The rate of job growth has averaged between 3% and 4% since the end of 2011, and is projected to remain above 3% through 2016 according to Moody’s Analytics. The energy industry is the primary driver of Houston’s economy, with manufacturing, distribution and logistics, the Port of Houston, health services (including biotechnology), and aerospace all contributing significantly to the region’s economic base.
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Positive Momentum For The Industrial Southeast

Palm Beach
Cushman & Wakefield’s recent Southeast Industrial Client Webinar highlighted significant gains in the region’s fundamentals and indicate strong, positive momentum going forward. Construction, which has been confined mainly to build-to-suit or build-to-own opportunities over the past several years, saw solid growth on the speculative end, with over 2.5 million square feet currently under development. In fact, many developers have dusted off old plans long forgotten since before the recession, hoping to get projects shovel-ready as the market continues its expansion.
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Live-Work-Play Model: The Hipsterfication Of Los Angeles

Creatives

Los Angeles has a limited supply of funky brick-and-timber buildings ready to repurpose. Despite this scarcity, there is an abundance of single-story, stand-alone concrete buildings in soon-to-be-hip areas that can serve as incubators for the start-up creative companies that crop up on a weekly basis throughout the city.
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FIBRAS, An Attractive Investment Alternative In Mexico?

Mexico
Following the economy’s slowdown in 2013, when the GDP grew 1.2%, the consensus of analysts estimate that the Mexican business environment will accelerate and GDP will grow close to 2% in 2014; this as a result of increased external demand following the recovery in the U.S., increased government spending with emphasis on infrastructure and a potential recovery in domestic demand.
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Construction On The Rise: Supply Barely Keeps Up With Demand In The Burgeoning I-81 And I-78 Distribution Corridor

Distribution

Chances are if you’ve heard of them, they have a presence in the I-81/I-78 Distribution Corridor: Walmart, Lowes, Amazon.com, Nestle, PepsiCo, Procter & Gamble – and the list goes on. With access to over 50% of the U.S. population and 60% of Canada’s within a 24-hour truck drive, it’s not surprising that a wide range of companies continue to flock to this area.
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Record Developments Rise As Demand Wanes Across Canadian Central Markets

Calgary

With almost 14 million square feet (msf) of new office developments rising in central Canada, this is the hottest development cycle in over 20 years. Particularly active markets include Vancouver, Calgary and Toronto, where downtown developments under construction total almost 11.6 msf. What is of concern is that this is occurring simultaneously to a pronounced downturn in demand. Net absorption across central markets has averaged negative 475,000 sf per quarter over the past year and a half. Remarkably, even in the face of weakening demand, new developments continue to be announced, as large asset owners and developers urge new product to the market.
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