The Industrial Real Estate Podcast

Texas Industrial Real Estate

May 28, 2023
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INSIGHT

E-Commerce Is Big — But Far From Saturated

  • E-commerce is still only about 15% of retail but has substantial runway for growth, continuing to lift industrial demand.
  • Industrial demand benefits both direct e-commerce growth and reshoring/manufacturing shifts to Mexico and the U.S.
INSIGHT

Infill Versus Perimeter: Two Different Markets

  • Of the ~65M sf under development, most is perimeter 'outfield' product while true infill supply is limited.
  • Infill vacancy (~3.5%) is far tighter than outfield (~9.5%), so location quality matters most for resilience.
INSIGHT

Bank Failures Drive Real Estate Uncertainty

  • Bank distress and maturing debt create the key uncertainty that will determine interest-rate direction and commercial real estate pain.
  • Office maturities concentrated at regional banks could propagate stress across all asset classes.
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