Latest TMG News

Retail converting to warehouse

Warehouse Demand Increases as Ecommerce Surges

By: Dan Smolensky, Supply Chain Solutions Group Retailers will need an additional one billion square feet of industrial real estate by 2025 as the need for warehouse space grows along with online sales.  The coronavirus pandemic has sped up the pace of online activity with retailers now at levels they didn’t expect to reach for another two to five years. Consumers are becoming increasingly comfortable about shopping online as they avoid stores.  The search for fulfillment center space has also led to [...]

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Warehouse space

Cost Savings For Warehouse Space Is Now

By: Dan Smolensky, Supply Chain Solutions Group We have been successful in obtaining extensive cost savings for our clients during the COVID crisis uncertainty. The recent boom in speculative development has left a tremendous amount of highly efficient space on the market with lower demand, generating tremendous cost savings opportunities for our clients and owners of commercial warehouse spaces. Demand for warehouse space remains good but definitely softer than the pre-COVID environment. Driven by many factors, notably e-fulfillment, which in many [...]

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Trasportation & Logistics

Driver Shortage Continues

By: Dan Smolensky, Supply Chain Solutions Group A deeper look into the 3PL industry highlights one key issue, driver shortage. Before the novel coronavirus began to dominate the headlines, American Trucking Associations maintained that the industry was short an estimated 60,000 drivers as a result of retirements and the sometimes slow pace of getting new men and women into the industry. While those factors remain true, what has changed in short order is the economic environment the industry currently confronts. As [...]

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CRE Tech

Beyond the Speculation

By: Marat Safir As we approach the 60-day mark since this health crisis evolved in the U.S., there have been almost instantaneous impacts heard around the country from all real estate sectors. Retail sales are down 16.4% last month (The Real Deal); office buildings within CBD’s are virtually desolate; industrial is holding onto a positive outlook, however, some indicators are showing an inevitable decline, (MBA) an estimate 3.8 million homeowners are in forbearance plans and occupancy levels in the hospitality [...]

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Fulton Market Developments

There is so much development going on in the Fulton Market! That’s why we assembled this snapshot where you will find an overview of the submarket as well our office team’s favorite upcoming projects! Have a question about any of these locations? Call or email us today and speak to one of our experienced office brokers! Prepared by Morgan Mellske at TMG Real Estate Advisors

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