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Commercial Industrial Construction developed a debris management plan during the renovation process to help reduce costs and pollution.
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A glut of spaces larger than 100K SF is driving up vacancy rates, with another 6M SF of space under construction that is only 10% preleased.
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The Japanese auto manufacturer is the latest in a series of companies opting to relocate to the Lone Star State.
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Yet another industrial owner is pushing into the data center business as the AI industry's growth fuels explosive demand for space.
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Tenants are playing the wait-and-see game as economic and political questions loom.
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Advanced manufacturing space in the area is about 4.5% vacant.
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U.S. levies on Chinese imports could be cut from 145% to as low as 50%, according to White House officials, but firms are already ordering fewer Chinese goods.
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The firm brought on Guy Metcalfe, who previously led Morgan Stanley's real estate investment banking business, as senior advisor for global real estate.
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Roughly 20% of Amazon's purchases in 2024 were in Virginia, but its most expensive deal was for a cutting-edge warehouse in Daytona Beach, Florida.
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Despite the rise of generative AI, high costs and design hurdles means converting warehouses to data centers only makes sense in the most competitive markets.
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