by Skyler Smith
With a push to Nearshore manufacturing to North America, and with the new USMCA trade regulations to assist, we could see some changes in the United States industrial market. Even with slowing due to Covid-19, there is still industrial market expansion along the Mexico border with big investments from Chinese, Korean and Japanese companies. With Salt Lakes strong industrial market, and central position in the west, it is exciting to see what additions to our market may come with these changes.
The United States industrial market has shown a lot of resilience through recovering from the pandemic. This is a great article showing that it isn't just Salt Lake showing impressive industrial numbers, though we are noted in the article as having some of the best Net Absorption Growth.
https://www.globest.com/2020/12/07/industrials-positive-absorption-totals-165m-square-feet-in-q3/
We hosted a virtual event to talk about Finding Prosperity during the Pandemic. We had a panel made up of Chris Bowler, CEO & Co-Founder of Charcuterie Artisans, Jerry Pasley, CEO of Bullfrog International, and Brian Adams, General Manager & Director of USA Distribution for Specialized Bicycles. It was great to hear from them and be inspired by these amazing CEO’s/GM’s and find out how they have found prosperity in these difficult times.
Thought you’d enjoy seeing this article about US firms looking to bring manufacturing back to US where possible
https://www.cnbc.com/2020/08/18/bofa-us-european-firms-face-1-trillion-to-relocate-china-supply-chains.html
Jeremy Jensen, SIOR, CCIM, and Michael Jeppesen, SIOR, CCIM, LEED AP of IPG Commercial Real Estate Host a conversation on Utah's Inland Port with Jack Hedge, Executive Director of Utah's Inland Port Authority, Theresa Foxley, President and CEO of EDCUtah, and Devin Belnap, VP of Development of Riverbend Management
