{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 28: Talk with Commercial Property Executive","description":"Recently, we joined Commercial Property Executive to discuss what\u2019s considered a \u201cbig box\u201d warehouse, where we\u2019re seeing rentgrowth, how population densityfactors intolocation selection, and more. Thanks to Senior Associate EditorLaura Calugar for hosting us and posingpoignant questions about what\u2019s driving the industry and where it\u2019s headed. 0:25\u2013What\u2019s considered \u201cbig box,\u201d and where demand lies for these facilities. 3:36\u2013Absorption is keeping pace with demand. 4:34 \u2013Population density is driving location choice for occupiers. 7:17\u2013Rents are escalating along both coasts between fiveto 10percent; in the Midwest, rents are growing between three and five percent. 8:37\u2013Investors are entering secondary markets searching for higher yielding opportunities. 10:25\u2013Population density is a factor to consider when looking at emerging markets for \u201cbig box\u201dindustrial facilities. 13:00\u2013Third-party logistics companies have been a top driver inleasing activity in 2019as companies focus ontheir core business\u2014running their stores, developing a new product or strengthening customer service\u2014and outsourcing warehousing and transportation to 3PLproviders. 14:23\u2013Tariffs and trade disputes with China have slowed down some industries, including raw materialsand agriculture. 18:52\u2013Labor shortages are a major challenge for thegrowth of the logistics anddistribution industry. 21:13\u2013Employers can attract and retain talent by selecting a location in close proximity to retail and dining amenities. 22:23 \u2013Overall the industryoutlookis positivefor 2020. ","author_name":"JLL Chicago Industrial Real Time","author_url":"http:\/\/ChicagoRealTime.show","html":"