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Industrial ‘Unencumbered’ By Construction Challenges

A supply chain crisis and severe labor shortages are creating mega challenges for developers—but industrial projects are pushing through.

Demand for industrial space is so strong, and as a result the asset class remains “unencumbered” by labor shortages, according to Louis Archambault, an attorney at Saul Ewing Arnstein & Lehr.
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Industrial Property Lease Terms Get Shorter And Shorter

Landlords of warehouse and distribution properties may look to shorter leases to capitalize on burgeoning e-commerce-driven demand, with the pace at which average lease terms are shortening picking up major speed.

A new analysis from Moody’s Analytics notes that pricing and fundamentals of the sector never decreased as a result of the pandemic, and instead posted record high occupancy and rents as retailers clamored to deliver goods faster and more efficiently. E-commerce as a share of total retail sales now stands at a record high of 15.7%.
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Brookfield Breaks Ground On Miami-Dade Warehouse With $22M Loan

An affiliate of Brookfield Property Group broke ground on a warehouse in the Beacon Lakes business park in west Miami-Dade County after obtaining a $21.89 million construction loan.

Quadreal Finance provided the mortgage to BSREP III Lake Belt Logistics, an affiliate of New York-based Brookfield Property Group. It covers the 7.46-acre site at 12590 N.W. 17th St., at the southwest corner of Northwest 130th Avenue.
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