The Parkway West Corridor saw a handful of large investments with Amazon’s 1 million sq. ft. distribution center breaking ground and Uber purchasing 596 acres of land for a new test track for autonomous vehicles.
Low natural gas prices present a challenging environment for producers and service companies, stalling investment decisions.
The industrial investment market enjoyed a strong year, posting a 21% increase, year-over-year, in sales volume. More investment opportunities are on the horizon as projects complete construction and lease up. We expect a few of these stabilized assets to trade in the coming year.