Industrial and Land Review. Washington County Square FootageVacancy.
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WHAT’S UP DOWN SOUTH? Industrial and Land Review
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Transcript of Industrial and Land Review. Washington County Square FootageVacancy.
WHAT’S UP DOWN SOUTH?Industrial and Land Review
INDUSTRIAL OVERVIEWWashington County
TEN YEAR HISTORY
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,0009,000,000
0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%18.00%
Total SF Vacancy
Square Footage
Vacancy
ZOOMED IN VIEW
End
2008
Mid
200
9
End
2009
Mid
201
0
End
2010
7,600,000
7,700,000
7,800,000
7,900,000
8,000,000
8.00%9.00%10.00%11.00%12.00%13.00%14.00%15.00%16.00%17.00%
Total SF Vacancy
Square Footage
Vacancy
SIX MONTH SPECIFICS
Net and Gross square footage absorption
Notable Deals
Big Building Shortage?
WINDFALLS – 88,524 SF
FORT PIERCE WAREHOUSE – 95,778 SF
FORMER MIKOHN BUILDING – 85,660 SF
50,000 SF+
PRICING
Warehouse: $0.27 - $0.55sf MG/NNN
Office: Blended
Land: $2.40 - $4.00 PSF
Cost to build--materials vs. labor
JOB PICTURE
Unemployment Washington County – 10% Job Loss in 3rd Quarter Job Growth in 4th Quarter!
The Data Approximately 5,500 people unemployed 16% construction, 9% production, 8%
transportation
WHY CHOOSE WASHINGTON COUNTY? Utah #1 best state for business, Source:
Forbes Mag.
Strong fiscal policy, competitive wages, friendly regulatory environment, etc.
What will 2011 look like?
LANDWashington County
LAND TRANSACTIONS
Transaction volume
Buy or build?
Improved vs. unimproved
TRANSLATION
Landlords/Sellers Lease picture Building valuation
Tenants/Buyers Buy smart, buy soon
THANK YOU FOR YOUR TIME
For questions or comments regarding this presentation or industrial opportunities, please contact:
Travis Parry [email protected]
