Fourth Quarter Market Reports Now Available

Fourth Quarter office and industrial reports are now available on our website. Find out the latest information on the Memphis market including year-end vacancy, absorption, rental rates and transactions.
Click Here to download the Memphis Industrial Market report.
Click Here to download the Memphis Office Market report.

C&W Industrial Research: Jobs Growth and Absorption

• The significant decline in employment in 2009 resulted in over 106.3 msf of negative absorption for that year. Similarly, the industrial market has seen substantial improvement in terms of space absorbed as job growth turned positive.
• Since June 2009, the economy has added 2.5 million jobs. Consequently, the U.S. industrial sector has absorbed 70.6 msf of direct space since the beginning of 2010.
• Although unemployment remains elevated, the U.S. unemployment rate dropped to 8.6% in November, the lowest since March 2009. This recent improvement, although weak, will lead to a continuation of the steady recovery trend for the industrial sector.

New C&W Publication: Occupier Insight, Transformational Change

In the wake of continued economic uncertainty, many companies are still searching for ways to streamline their operations. At the same time, workforce demographics are affecting real estate management and investment strategies, and technological advancements are transforming how companies connect with employees and customers. These factors present unique challenges for commercial real estate executives (CREs), who are asked to deliver value to their organization.

In C&W's latest Business Briefing, "Occupier Insight Report: Transformational Change," they examine the transformational drivers of change within the corporate real estate industry and offer perspectives from other experts as we explore the steps CREs can take to better manage and lead their organizations in a rapidly changing environment.



To access a full version of the report, visit the C&W Knowledge Center by clicking here.
Please note you must sign in to view the report. If you are not currently a member, registration is free.

C&W Industrial Research Fact of the Week

• Industrial production trends, which measures output for the industrial sector of the economy (including manufacturing, mining, and utilities) coincide with overall demand for industrial space in the United States. In 2009, the significant decline of 11.5% for industrial production sent the markets reeling, resulting in over 125 msf of negative absorption. Similarly, the increase in industrial production over the past eight quarters has led to overall net absorption of over 38.0 msf in the first half of the year, already surpassing the 13.0 msf that was absorbed in all of 2010.
  
• Given the weak unemployment report that showed a decline in factory jobs and a steady manufacturing workweek, industrial production only rose 0.2% in August, after a strong 0.9% gain in July. Although Moodys/economy.com is projecting the positive trend to continue through the remainder of 2011, one has to be cautious about expecting output gains to continue given the overall weakness in the economy. With the weakening economic sentiment, expect slower, but not negative, real estate demand.

Source: C&W Research Services, Moody’s Analytics. NOTE: Only markets tracked by Cushman & Wakefield offices are included in this analysis. Industrial production increase of 3.23% compared year to date totals June 2011 vs. June 2010

Mid Year Industrial and Office Market Reports

The Cushman & Wakefield/Commercial Advisors Market reports are now available for download. Learn about the trends we are currently seeing in the Memphis commercial real estate market as well as an outlook for future growth.

You can visit our website at www.commadv.com/marketknowledge or dowload them by clicking the links below.

Click Here to download the Office Report.
Click Here to download the Industrial Report.

Commercial Advisors Adds Cushman to Name

News from the Airport Cities World Conference

Following the signing of the historic trade and business cooperative memorandum of understanding between Memphis and Paris on Monday, representatives from Guangzhou joined with the Paris and Memphis delegates Tuesday to discuss next steps in the formation of a global Aerotropolis alliance between the three regions of Memphis, Paris, and Guangzhou. Agreement was reached to continue to pursue tripartite agreement in the months ahead.

To read more about the Memphis/Paris agreement read here:
http://www.globalairportcities.com/memphis-and-paris-sign-historic-pact