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INDUSTRIAL MARKET OVERVIEW
2013 JACKSONVILLE OUTLOOK CONFERENCE
BOBBY GATLING
FIRST VICE PRESIDENT
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
CONTACT DETAILS: A: 10739 Deerwood Park Blvd, Ste.310 Jacksonville, FL 32256 T: 904.399.5222 F: 904-399-0330 E: [email protected] www. phoenixrealty.net
www. linkedin.com/bobbygatling
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
I. JACKSONVILLE INDUSTRIAL MARKET OVERVIEW
II. US INDUSTRIAL MARKET
& COMPETING MARKETS III. US INDUSTRIAL MARKET 2013 TRENDS
History of Jacksonville Industrial
Market
Jacksonville Industrial Submarkets
Completed Transactions 2012
TABLE OF CONTENTS
DISCUSSION POINTS
I. JACKSONVILLE INDUSTRIAL MARKET OVERVIEW
• HISTORY OF JACKSONVILLE INDUSTRIAL MARKET
• JACKSONVILLE INDUSTRIAL SUBMARKETS
• COMPLETED TRANSACTIONS 2012
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
INDUSTRIAL MARKET HISTORY
JACKSONVILLE, FL. SUBMARKET MAP
INDUSTRIAL SUBMARKETS
JACKSONVILLE MARKET SIZE - 4th QUARTER 2012
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
DOWNTOWN, 8%
NORTHSIDE, 22%
WESTSIDE, 42%
SOUTHSIDE, 22%
ORANGE PARK / CLAY,
4% ST. JOHNS, 2%
DOWNTOWN
NORTHSIDE
WESTSIDE
SOUTHSIDE
ORANGE PARK / CLAY
ST. JOHNS
SOURCE : PHOENIX REALTY GROUP
JACKSONVILLE SUBMARKET
APPROX. LEASE AND VACANCY RATES
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
SOURCE : PHOENIX REALTY GROUP
6.4
14.9
6.1
10.3 10.1 10 9.2
$1.80
$3.95 $3.52
$4.17
$3.50
$4.75
$3.98
0
2
4
6
8
10
12
14
16
DOWNTOWN NORTHSIDE WESTSIDE SOUTHSIDE ORANGE PARK CLAY COUNTY
ST. JOHNS COUNTY
JACKSONVILLE
Vacancy % Avg. Lease Rate PSF/NNN
2012 SIGNIFICANT TRANSACTIONS
EXISTING FACILITIES
JANPAK Brokers: Phoenix Realty & JLL Leased: 84,244 SF 6600 Pritchard Road
SAMSUNG Brokers: CBRE Leased: 140,000 SF 12400 Presidents Court
SAM’S CLUB Brokers: Phoenix Realty & Colliers Int. Leased: 130,000 SF 2562 Cabot Commerce Dr.
UNION SUPPLY Brokers: Cushman & Wakefield McKinney Advisory Group Inc. Leased: 146,280 SF 13903 Alvarez Rd.
COFE PROPERTIES Brokers: Phoenix Realty & CBRE SOLD BY: Mercedes Benz USA 8813 & 8873 Western Way
BEDROSIAN Brokers: CBRE & Addison Commercial SOLD BY: Baycenter Rd. - 321,000 SF 8313 Baycenter Road
DALFEN AMERICA Brokers: Phoenix Realty SOLD BY: W.P CAREY 10089 N. Main St.
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
GLOBAL INCOME TRUST Brokers: CBRE Purchased a 817,000 SF facility. Leased to SAMSONITE from WEBB INT. 10480 Yeager Road
ALUMINUM PRODUCTS, INC.
Brokers: Pine Street Partners /RPS, LLC “SALE – LEASE BACK” with AIC Ventures 197,000 SF facility. 4925 Bulls Bay Highway
2012 SIGNIFICANT TRANSACTIONS
INVESTMENT SALES
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
2012 SIGNIFICANT TRANSACTIONS
LAND SALES
MERVIS INDUSTRIES Brokers: Phoenix Realty | Size: 50 Acres
JA-RU Brokers: Colliers & Phoenix Realty | Size: 22 Acres
SAN MAR (Lake WA) Brokers: Phoenix Realty & CBRE | Size: 25 Acres
PUBLIX Brokers: Kern Company | Size: 37 Acres
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
II. US INDUSTRIAL MARKET & COMPETING MARKETS
JACKSONVILLE VS. US VACANCY
INDUSTRIAL VACANCY RATES 2009 -2012
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
SOURCE : PHOENIX REALTY GROUP
10
.4%
10
.7%
10
.9%
10
.5%
10
.4%
10
.3%
9.8
%
9.7
%
9.6
%
9.4
%
9.4
%
9.0
%
8.8
%
9.5
5%
10
.96
%
10
%
10
%
9.7
0%
9.3
0%
9.1
0%
9.4
0%
9.6
0%
9.7
0%
9.5
0%
9.2
0%
9.2
0%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12
USA North East Florida
MARKET SIZE S.F.
JACKSONVILLE VS. COMPETING MARKETS
208,814,201
105,914,163
134,981,958
102,586,226
45,919,183
0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000
MIAMI
ORLANDO
TAMPA
JACKSONVILLE
SAVANNAH
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
SOURCE : PHOENIX REALTY GROUP
VACANCY RATES
JACKSONVILLE VS. COMPETING MARKETS
5.80%
13.20%
9.50%
9.20%
14.70%
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00%
MIAMI
ORLANDO
TAMPA
JACKSONVILLE
SAVANNAH
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
SOURCE : PHOENIX REALTY GROUP
AVERAGE NET ASKING RENT
JACKSONVILLE VS. COMPETING MARKETS
$5.07
$4.49
$5.07
$3.98
$3.74
$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00
MIAMI
ORLANDO
TAMPA
JACKSONVILLE
SAVANNAH
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
SOURCE : PHOENIX REALTY GROUP
III.US INDUSTRIAL MARKET 2013 TRENDS AND PREDICTIONS
Vacancy rates throughout 2012 continued to
decrease.
Positive absorption occurred throughout 2012.
Phoenix Realty Group and Cushman & Wakefield
leased Body
Central 406,400 SF at ONE IMESON located at One
Imeson Park
Blvd. in Q1-13.
Samsonite leased 240,000 SF at 10089 North Main
St. from
Dalfen America in Q1-13 . Phoenix Realty Group
represented
the landlord.
2013 TRENDS
2013 INDUSTRIAL TRENDS AND PREDICTIONS
INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE
THANK YOU FOR YOUR TIME