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June 2023 Rapid City: industrial demand and housing costs
A review of five-year CoStar data on industrial occupancy, construction, and rents, alongside employment growth and housing affordability. May 2023 Missoula, MT
Limited new construction leaves Missoula's industrial tenants with few alternatives. We look at demand and the case for improving existing properties. April 2023 Denver
New industrial supply has pushed vacancy higher in Denver. We examine the employment base and logistics demand behind the longer-term outlook. March 2023 South Texas
The role of cross-border trade and manufacturing in industrial demand across Laredo, McAllen, and Brownsville. March 2023 Billings, MT
How healthcare, energy, agriculture, and regional distribution support industrial demand in Billings. February 2023 February 2023 investor letter
Underwrite what we know: how local knowledge shapes our assumptions and the deals we choose to pass on. February 2023 El Paso: trade and industrial demand
An examination of cross-border manufacturing, logistics, and employment in El Paso, including the risks posed by changes in trade policy. February 2023 San Antonio, TX
Industrial construction along the I-35 corridor, the employers driving demand, and the role of secondary locations within San Antonio. January 2023 Sioux Falls
How regional distribution, light manufacturing, and limited new supply shape the market for smaller industrial properties in Sioux Falls.