Transcript Document

Greg Shutt
Industrial Properties
2015 Commercial Real Estate Forecast
Gross/Net Absorption
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
2001
2002
2003
2004
2005
2006
2007
2008
2009
(1,000,000)
(2,000,000)
(3,000,000)
Net Absorption
2015 Commercial Real Estate Forecast
Gross Absorption
2010
2011
2012
2013
2014
Transactions by Size
Size Range
Number of
Total Square
Transactions
Feet
% Of Gross
% of Deals
5,000 to
10,000
53
343,542
5.3%
40%
10,000 to
25,000
32
549,658
7.9%
24%
25,000 to
50,000
18
571,354
8.9%
14%
50,000 to
100,000
12
791,504
12.3%
9%
100,000 +
17
4,214,207
65.6%
13%
Total
132
6,470,265
100%
100%
Average Deal
Size
49,017
2015 Commercial Real Estate Forecast
Significant Deals of 2014
Street Address
Buyer/Tenant
Sale/Lease
Square Feet
1755 Purina
LDS, Inc
Lease
129,600 SF
14525 Industry Cir.
Hubert North America
Lease
142,500 SF
240 S. Stanford
Pomona Industry
Sale
158,040 SF
400/450 Parr Blvd
Pop Weaver
Lease
169,027 SF
10875 Sage Point Ct.
Omatex
Sale
181,400 SF
190 Resource Dr.
Zloop LLC
Sale
183,435 SF
Peru Dr.
Battery Supply
Sale
200,000 SF
700 USA Parkway
Randa
Lease
210,000 SF
525/645 Coney Island
Dr.
Ranshu
Sale
294,333 SF
700 Milan Dr.
Chewy.com
Lease
303,870 SF
Spanish Springs
San Mar
Lease
606,000 SF
8000 North Valley
Amazon
Lease
624,000 SF
3200 USA Parkway
Zulily
Lease
707,010 SF
2015 Commercial Real Estate Forecast
Largest Three Deals
Tenant
Leased
Vacated
Net Absorption
San Mar
606,000
622,500
(16,500)
Amazon
624,000
589,520
34,480
Zulily
707,010
328,285
378,725
Totals
1,937,010
1,540,305
396,705
2015 Commercial Real Estate Forecast
Largest Three Buildings
2015 Commercial Real Estate Forecast
Industrial Vacancy
18.00%
15.58%
16.00%
15.54%
14.00%
14.70%
13.90%
13.21%
12.00%
11.00%
10.00%
8.00%
9.22%
9.10%
9.73%
9.40%
8.60%
9.06%
7.14%
6.00%
5.46%
4.00%
2.00%
0.00%
2001
2002
2015 Commercial Real Estate Forecast
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
BTS & New Spec
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
2001
2002
2003
2004
2005
2006
BTS
2015 Commercial Real Estate Forecast
2007
2008
New Spec.
2009
2010
2011
2012
2013
2014
Market Growth
Tenant
Square Feet
Location
Type
Chesapeake Spice
70,240 SF
South Meadows
BTS
Battery Supply
200,000 SF
TRIC
BTS
San Mar
606,000 SF
Spanish Springs
BTS
Amazon
624,000 SF
Golden Valley
Spec
Zulily
707,010 SF
TRIC
BTS
Totals
2,207,250 SF
2015 Commercial Real Estate Forecast
New Industrial Construction
2015 Commercial Real Estate Forecast
Forecasted Spec/BTS 2015
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
2001
2002
2003
2004
2005
2006
2007
BTS
2015 Commercial Real Estate Forecast
2008
New Spec.
2009
2010
2011
2012
2013
2014
2015
Tesla Comes To Reno
2015 Commercial Real Estate Forecast
2014 Portfolio Sales
Project/Portfolio
Buyer
Seller
Square Feet
Southwest
Commerce
Cornerstone
MEPT/Kennedy
870,000 SF
Sierra Commerce
Center
LBA
USAASF
1,500,000 SF
Brookside
Business Park
LPC
GE Capital
260,000 SF
2015 Commercial Real Estate Forecast
2015 Industrial Forecast
Rents
Vacancy
Absorption
Construction
2015 Commercial Real Estate Forecast