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Here Come the Taxes

Well, net absorption (space leased minus space vacated) is off another 300k SF this quarter, making the total a negative 750k SF absorbed for the first half of the year. Oddly, it still feels strong out there, so I'm going to stick with my estimate of 2.5m SF of absorption for the year, meaning we will need close to 1.5m SF of absorption in the last two quarters. Vacancy has edged up to just under 4% which is still healthy by any measure. You can get the details for each market segment in our Capacity Industrial Market Report, presented in the next blog post. There really are no buildings to purchase. I recently ran a notice to the industrial real estate community on a 72k SF building that m

Era of Enforcement: I-9 Compliance is Essential

Did you know that all employers in the US must have every new hire complete a Form I-9 on or before his or her first day of work? All employees who began working on or after November 6, 1986 are required to complete a Form I-9 to verify their identity and authorization to work in the US. The federal immigration law requiring employers to keep a Form I-9 for all employees has become a critical and timely issue, because many businesses across the nation are finding themselves subject to inspections from the Department of Homeland Security, the Department of Justice or the Department of Labor. With the current atmosphere of increased enforcement, companies should be sure to stay on top of their

Cyber Liability Insurance Demystified

Many of you reading this have been affected by cybercrime either personally, or professionally. The days are gone when The Nigerian Prince would contact you for help. As business owners and consumers, we are faced with much more challenging things like wire transfer fraud, cyber extortion and social engineering. As an insurance professional who consults with clients about different methods to transfer their companies’ risk with insurance products, I have seen a steep increase in interest and confusion on what Cyber Liability Insurance is and what value it may bring to a business. This article is intended to shine light upon and dispel some confusion on Cyber Liability. A cyber breach in toda

NAIOP CRE Sentiment Index

The NAIOP CRE Sentiment Index Spring 2019 About the NAIOP CRE Sentiment Index The NAIOP Sentiment Index is designed to predict general conditions in the commercial real estate industry over the next 12 months. The forecast is not based on an analysis of historical data, but rather it represents a look into the future by real estate developers, investors, operators and brokers. These NAIOP members are asked to respond to questions bsed on their ongoing work, including projects in their pipelines. Key Findings The NAIOP CRE Sentiment Index for March 2019, a composite of nine survey questions, fell to 0.56, a 1.00% decline from the September 2018 level of 0.66. The September 2018 level was the

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