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Industrial Market Insights: Key Developments and Trends by Adam Matson

Discover the latest trends in the industrial market with insights from Adam Matson, Vice President. Learn about speculative development, tenant incentives, market players, and hot markets. Get valuable information on lease values, sale values, and what to expect in 2014.

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Industrial Market Insights: Key Developments and Trends by Adam Matson

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  1. Top 10 things you need to know about the industrial market Adam Matson, Vice President - Industrial

  2. Interesting Market Conditions #10

  3. Speculative Development # 9 • Interstate Partners - approved for 5 buildings in Pewaukee • Majestic - planning 600,000sf; 1,200,000sf in Kenosha County • Zilber - 90,000sf in New Berlin • Wanguard - $13,000,000 project in West Allis on 9 acres

  4. Why do we have a shortage of spec development?

  5. Short Term Leases # 8 • Stabilize cash flow for Owner • Cover immediate needs for Tenants • Reduced expenses for Tenants

  6. Tenant Incentives are on the Decrease # 7 • It is no longer a Tenant’s world • Landlords have decreased incentives for tenants this past year such as rent abatement

  7. Elimination of Our Industrial Market # 6 • Mejier • HSA – The Mayfair Collection • Woodman’s – Waukesha • Wisconsin Athletic Club/Froedtert Health

  8. Movers & Shakers… # 5 • Kohl’s • 1,000,000sf • 1,100 employees • $7,000,000 in tax credits • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  9. Movers & Shakers… # 5 • 300,000sf Information Technology Center • Buying former Pro-Health Care Center for a health and wellness facility • Giving back 104 acres and $2,000,000 in incentives! • Kohl’s • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  10. Movers & Shakers… # 5 • Kohl’s • 425,000sf • $32,000,000 • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  11. Movers & Shakers… # 5 • 250,000sf addition • $7,000,000 • 54 new jobs! • Kohl’s • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  12. Movers & Shakers… # 5 • Kohl’s • Amazon • 350,000sf • Relocating from Gurnee, IL • 400 jobs immediately! • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  13. Big Comeback… # 4 • Airport area submarket has significantly rebounded after years of stagnant absorption.

  14. Hot Markets… # 3 • Germantown • Kenosha

  15. What did we get right/wrong about 2013? # 2 • Sale values • Lease value • Lease term • Velocity

  16. 2014 Expectations… # 1 • 2013 is ending on a high note!

  17. Thank you! Any questions?

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