As published in NREI The global pandemic has been incapacitating international supply chains since early 2020 and continues to cause frequent delays from international suppliers. Hostile trade relations between the United States and China had been brewing even before COVID-19 hit, accelerating a reshoring trend. Reshoring involves relocating manufacturing assets to the United States from China; more universally, it can include sourcing alternative suppliers in the United States or North America instead of Asia. For several years, reshoring efforts have been gaining momentum and manufacturing ... Read More
For many years, cold storage real estate was considered to be a less valuable asset than standard dry storage warehouses. While the cold chain has always been critical for the safe and efficient storage of food and pharmaceuticals, the heavy specialization and niche use cases for these properties has ultimately led to underdevelopment in the sector. More recently, demand for cold storage assets has spiked considerably as a result of the COVID-19 pandemic. There are multiple factors playing into this demand, ensuring that cold chain ... Read More
A national self-storage operator announced a new construction project in Racine, WI. The finished facility will offer 150,00 square feet of rentable indoor self storage; an affiliate of Phoenix Investors is the property owner and has invested time and resources in making the property appealing to various tenants. Read the full article at Benzinga.