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INDUSTRIAL MARKET OUTLOOK PROMISING

Charlotte
INDUSTRIAL MARKET OUTLOOK PROMISING
Warren Snowdon says infrastruture projects, esp. the intermodal facility, will spur Charlotte industrial RE
Bread-and-butter  industrial deals are still getting done in the Charlotte market, says Cushman & Wakefield-Thalhimer SVP Warren Snowdon—and there's hope for an acceleration of volume. "I don't know that we truly realize the significance of the new intermodal yard at our airport yet," he tells us, referring to the  $90M Norfolk Southern facility now under way. (The intermodal yard is the Van Gogh of the airport, it will take us years to fully embrace its beauty.) Simply put, it's going to make the region an inland hub, which will grow manufacturing and distribution, Warren adds.
 
silverlanding industrial park
He's done some Charlotte industrial deals  himself lately, including leasing 18k SF to Bamal Fasteners and 6k SF to the logistics specialist Cabro. Warren's company is also helping lease Phase 2 of SilverLanding, a 125k SF industrial park near the airport (rendered in crayon above). With rising energy costs, he continues, "onshoring" will escalate to shorten supply chains, to Charlotte's benefit, provided there are enough modern facilities to attract manufacturing and distribution companies, and a skilled work force to support those jobs.
Related Topics: Norfolk Southern , Van Gogh