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E-Commerce Drives Industrial Development in Q4 2021

After the initial shock of the pandemic, industrial real estate emerged as one of the asset classes least affected by the ensuing economic downturn. While the causes are multifaceted, the sudden spike in demand for products ordered and curbside pick-up…

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After the initial shock of the pandemic, industrial real estate emerged as one of the asset classes least affected by the ensuing economic downturn. While the causes are multifaceted, the sudden spike in demand for products ordered and curbside pick-up meant that retailers — both online and brick-and-mortar — scrambled to secure the space they needed to fulfill the influx of new orders.

As the holiday season nears, a still-surging industrial market is facing a two-fold challenge: E-commerce continues to grow, and global supply chain shortages are producing bottlenecks along the logistical chain. To navigate these challenges, several huge industrial properties are being developed to assist companies with getting the logistical leeway they need. Using property data provided by CommercialEdge, real estate listing platform CommercialSearch analyzed the largest properties scheduled for completion in Q4:

8 out of 10 Largest Q4 Completions to be Occupied by Retailers

Much of the industrial market is currently focused on online retail fulfillment, which is why most of the properties scheduled to be completed this quarter are being developed for retail giants.

Amazon —the biggest online retailer and the second-biggest U.S.-based company by revenue overall — was predictably behind several large-scale industrial developments. Earlier in the year, Amazon opened three properties larger than 3 million square feet each in Philadelphia, Houston and Nashville. Now, the company is poised to deliver four out of the five largest industrial properties in Q4. The largest among these is expected to be the 3.8-million-square-foot distribution center in Austin, Texas, which is being developed on a 94-acre lot. The Austin area has seen remarkable growth in industrial development, seeing a 511% year-over-year jump in deliveries in 2021 according to a previous CommercialSearch study.

Also in Amazon’s pipeline are a 3.6-million-square-foot distribution center in Windsor, Connecitcut, one in Albuquerque, New Mexico, spanning 2.5 million square feet that the company has dubbed “Project Chico,” and another warehouse that will add 2.3 million square feet of Los Angeles industrial space. Further down the list, Amazon is also poised to open another 1.35-million-square-foot warehouse in Philadelphia, which is expected to be this quarter’s tenth-largest completion.

The e-commerce giant’s rapid expansion speaks volumes to the need for storage and fulfillment centers with the ever-growing number of orders. Following this trend, several brick-and-mortar retailers also invested in large distribution centers to better service their online customers.

More specifically, the discount department store brand Ross is developing a 2.16-million-square-foot distribution center in Brookshire, Texas. Similarly, metro Houston will be home to two new warehouses approximately spanning 1.5 million square feet each, to be occupied by Floor & Decor and Clayco, respectively. The construction company also has a warehouse in metro Birmingham, Alabama — this quarter’s fourteenth-largest completion.

Tesla’s Texas Gigafactory to be Q4 2021’s Largest Industrial Completion

Despite the dominance of retail distribution centers in the top 10, Q4’s largest industrial completion is actually scheduled to be a manufacturing facility: Tesla’s new Gigafactory (also known as Giga Texas), which will span at least 4 million square feet of Austin industrial space upon completion in December. This makes it the largest automobile factory in the U.S. by more than 1.4 million square feet and is evidence of the growing electric vehicle market. The mile-long property is scheduled to begin full-scale production in early 2022.

There was one other manufacturing facility among the 10 largest completions set for Q4: Intel’s expansion of its Ronler Acres Campus, which will add an additional 1.5 million square feet of industrial space to the chipmaker’s facilities in Portland, Oregon.

Port Markets Take the Forefront as Supply Chain Issues Grow

Another defining characteristic of the current industrial real estate market is a growing emphasis on properties in port markets. With the spike in global shipping that led to the Ports of Los Angeles and Long Beach being open 24/7 to keep up, companies need more industrial space in critical areas to account for rolling delays due to bottlenecks.

According to CommercialEdge data, prices are increasing in high-demand industrial markets such as Inland Empire, California, Los Angeles and Seattle. Vacancies in industrial real estate are also at record lows, with the national average resting at 5.9%. There are more than 500 million square feet of industrial space under construction nationwide and a further 500 million in the planning stages. Still, the 1 billion square feet in the pipeline may not cover growing demand because a considerable number of properties under development will be owner-occupied or purpose-built for a single tenant, and the high-volume coastal markets which are currently seeing the lowest vacancies have far less developable space than inland markets.

As a result, the complex situation generated by the multitude of factors affecting the industrial real estate market — starting with the pandemic and continuing with supply chain issues — is putting pressure on developers to build more space to cover the growing demand, though some dense markets may continue to see supply issues even with the increasing amounts of space being developed.

Find out more about the Q4 2021 industrial pipeline in the full CommercialSearch study.

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International

Americans Are Having A Lot Less Sex. Here’s Why?

Americans Are Having A Lot Less Sex. Here’s Why?

Authored by Ross Pomeroy via RealClearScience.com,

Americans had a lot less sex in 2018 compared to 2009, according to a new study published in the Archives of Sexual Behavior. The finding…

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Americans Are Having A Lot Less Sex. Here's Why?

Authored by Ross Pomeroy via RealClearScience.com,

Americans had a lot less sex in 2018 compared to 2009, according to a new study published in the Archives of Sexual Behavior. The finding mirrors a downward trend also seen in many other parts of the developed world, including the UK, Australia, Germany, and Japan.

Researchers from the Center for Sexual Health Promotion at Indiana University School of Public Health made the discovery by comparing data collected in 2009 and 2018 from participants of the National Survey of Sexual Health and Behavior (NSSHB). The NSSHB is an ongoing, representative survey of adolescents aged 14-17 and adults aged 18-49 focused on understanding sex in the United States. Participants are asked about their sexual exploits as well as various demographic factors.

For the current analysis, lead author Dr. Debby Herbenick and her colleagues examined the responses of 4,155 individuals from the 2009 NSSHB and 4,547 individuals from the 2018 NSSHB, specifically focusing on how often they reported having penile-vaginal intercourse. The researchers also probed the frequency of other sexual behaviors like masturbation, oral sex, and anal sex.

They found that while 24% of adults reported not having penile-vaginal intercourse over the prior year in 2009, 28% of adults reported not having intercourse over the prior year in 2018. Adolescents were also increasingly abstinent – 79% reported not having sex over the previous 12 months in 2009 while 89% reported not having sex over the previous 12 months in 2018.

The data also permitted the researchers to estimate how often the average American adult aged 18-49 has sex each year. In 2009, it was about 63 times. In 2018, it was about 47 times.

Both adolescents and adults also reported fewer instances of partnered masturbation, oral sex, and anal sex in 2018 compared to 2009, which surprised the researchers. They hypothesized that any decrease in penile-vaginal sex would be offset by an increase in other sexual activities. Not so. It simply seems that Americans are having less sex.

What could explain this drought of sexual activity? The researchers put forth a number of hypotheses. They note that, compared to 2009, adolescents and younger adults are drinking less alcohol, spending more time on social media, and playing more video games.

They also earn less money and are less likely to be in romantic relationships.

"Also, more contemporary young people identify with non-heterosexual identities— including asexual identities—and more young people identify in gender expansive ways," the researchers write.

There's also a simpler explanation. People may have been more prone to exaggerate their sexual habits in 2009 and are less likely to now.

Whatever the reasons, the researchers say there's no reason to fret about the decline. "The age-old question on how much sex is too much and how little sex is not enough comes to mind," they write. The data is merely interesting, and they will continue to monitor it, especially watching for changes resulting from the COVID-19 Pandemic.

*  *  *

Source: Herbenick, D., Rosenberg, M., Golzarri-Arroyo, L. et al. Changes in Penile-Vaginal Intercourse Frequency and Sexual Repertoire from 2009 to 2018: Findings from the National Survey of Sexual Health and Behavior. Arch Sex Behav (2021). https://doi.org/10.1007/s10508-021-02125-2

Tyler Durden Sat, 11/27/2021 - 21:45

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“The Omicron Variant” – Magic Pills, Or Solving The Africa Problem?

"The Omicron Variant" – Magic Pills, Or Solving The Africa Problem?

Authored by Kit Knightly via Off-Guardian.org,

Yesterday the WHO labelled the sars-cov-2 variant B.1.1.529 as a “variant of concern” and officially named it “Omicron”.

Th

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"The Omicron Variant" – Magic Pills, Or Solving The Africa Problem?

Authored by Kit Knightly via Off-Guardian.org,

Yesterday the WHO labelled the sars-cov-2 variant B.1.1.529 as a “variant of concern” and officially named it “Omicron”.

This was as entirely predictable as it is completely meaningless. The “variants” are just tools to stretch the story out and keep people on their toes.

If you want to know exactly how the Omicron variant is going to affect the narrative, well The Guardian has done a handy “here’s all the bullshit we’re gonna sell you over the next couple of weeks” guide:

  • The Omicron variant is more transmissable, but they don’t know if it’s more dangerous yet (keeping their options open)

  • It originated in Africa, possible mutating in an “untreated AIDS patient” (sick people are breeding grounds for dangerous “mutations”)

  • “it has more than double the mutations of Delta…scientists anticipate that the virus will be more likely to infect – or reinfect – people who have immunity to earlier variants. (undermining natural immunity, selling more boosters, keeping the scarefest going)

  • “Scientists are concerned” that current vaccines may not be as effective against the new strain, they may need to be “tweaked” (get your boosters, and the new booster we haven’t invented yet)

  • “Scientists expect that recently approved antiviral drugs, such as Merck’s pill, will work as effectively against the new variant” (more on this later)

  • It’s already spreading around the world, and travel bans may be needed to prevent the need for another lockdown

We’re already seeing preparations for more “public health measures”, with the press breathlessly quoting “concerned” public health officials. We’re being told that a new lockdown won’t be necessary…as long as we remember to get boosted and wear masks and blah blah blah.

Generally speaking, it’s all fairly boilerplate scary nonsense. Although it is quite funny that the Biden administration has already put a bunch of African nations on a travel ban list, when Biden called Trump a racist for doing the same thing in 2020.

AFRICA

It’s interesting that the new variant has allegedly come from Africa, perhaps “mutating in the body of an AIDS patient”, since Africa has been the biggest hole in the Covid narrative for well over a year.

Africa is by far the poorest continent, it is densely populated, malnourishment and extreme poverty are endemic across many African nations, and it is home to more AIDS patients than the entire rest of the world combined. And yet, no Covid crisis.

This is a weak point in the story, and always has been.

Last Summer, the UK’s virus modeller-in-chief Neil Ferguson attempted to explain it by arguing that African nations have, on average, younger populations than the rest of the world, and Covid is only a threat to the elderly. But five minutes of common sense debunks that idea.

The reason Africa has a younger population, on average, is that – on average – they are much sicker.

There are diseases endemic to large parts of Africa that are all but wiped out in most of the Western world. Cholera, typhus, yellow fever, tuberculosis, malaria. Access to clean water, and healthcare are also much more limited.

And while it has been nailed into the public mind that being elderly is the biggest risk factor for Covid, that is inaccurate. In fact, the biggest risk factor for dying “of Covid” is, and always has been, already dying of something else.

The truth is that any REAL dangerous respiratory virus would have cut a bloody swath across the entire continent.

Instead, as recently as last week, we were getting articles about how Africa “escaped Covid”, and the continent’s low covid deaths with only 6% of people vaccinated is “mystifying” and “baffling” scientists.

Politically, African nations have shown themselves far less likely to buy into the “pandemic” narrative than their European, Asian or American counterparts. At least two “Covid denying” African presidents – Pierre Nkurunziza of Burundi and John Magufuli of Tanzania – have died suddenly in the last year, and seen their successors immediately reverse their covid policies.

So maybe the Omicron Variant is a way of trying to fold Africa into the covid narrative that the other continents have already fully embraced. That will become clear as the story develops.

Of course, it’s also true that being “African” is media shorthand for being scary, relying on the deeply-seated xenophobia of Western audiences. See: “Africanized killer bees”.

But, either way, Africa is the long game. There’s a more obvious, and more cynical, short term agenda here.

THE MAGIC PILLS

Let’s go back to the Guardian’s “Omicron” bullet points, above:

  • Scientists are concerned by the number of mutations and the fact some of them have already been linked to an ability to evade existing [vaccine-created] immune protection.

  • Scientists expect that recently approved antiviral drugs, such as Merck’s pill, [will work effectively] against the new variant

The “new variant” is already being described as potentially resistant to the vaccines, but NOT the new anti-viral medications.

Pharmaceutical giants Merck and Pfizer are both working on “Covid pills”, which as recently as three days ago, were being hyped up in the press:

US may have a ‘game changer’ new Covid pill soon, but its success will hinge on rapid testing

In the US, an emergency use authorisation can only be issued if there is no effective medication or treatment already available, so the vaccines not being proof against Omicron would be vital to rushing the pills onto the US market, at least.

If Omicron is found to be “resistant to the vaccines”, but NOT the pills, that will give governments an excuse to rush through approving the pills on an EUA, just as they did with the vaccines.

So, you bet your ass that testing is gonna be “rapid”. Super rapid. Blink-and-you’ll-miss-it rapid. Rapid to the point you’re not even sure it definitely happened. And now they have an excuse.

Really, it’s all just more of the same.

A scare before the new year. An excuse to make people believe their Christmas could be in peril. An exercise in flexing their control muscles a bit, milking even more money out of the double-jabbed and boosted crowd, now newly terrified of the Omicron variant, and a nice holiday bump to Pfizer’s ever-inflating stock price.

At this point either you can see the pattern, or you can’t. You’re free of the fear machinery, or you’re not.

There is one potential silver lining here: It feels rushed and frantic. Discovered on Tuesday, named on Friday, travel bans on Saturday. It is hurried, and maybe that’s a reaction to feeling like the “pandemic” is losing its grip on the public mind.

Hopefully, as the narrative becomes more and more absurd, more and more people will wake up to reality.

It has been pointed out that “Omicron” is an anagram of “moronic”.

One wonders if that’s deliberate and they’re making fun of us.

Tyler Durden Sat, 11/27/2021 - 23:45

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Spread & Containment

Israel Moves To Ban All Foreigners From Entry Amid Omicron Variant Fears

Israel Moves To Ban All Foreigners From Entry Amid Omicron Variant Fears

Israel’s Knesset is set to hold a special emergency "coronavirus cabinet" late Saturday night where government officials will vote on enacting a complete closure of…

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Israel Moves To Ban All Foreigners From Entry Amid Omicron Variant Fears

Israel's Knesset is set to hold a special emergency "coronavirus cabinet" late Saturday night where government officials will vote on enacting a complete closure of the country to foreign travel. The ban will tentatively be in effect for the next two weeks.

Already Israel has banned all foreigners arriving from the majority of African countries in recent days on fears that the highly-mutated Omicron coronavirus variant, which first emerged in South Africa, could be the next deadly wave - and with the vaccine possibly doing little to stop it.

AFP/Getty Images

The greatly tightened travel and tourist restrictions are expected to be announced late Saturday night or early Sunday. It's expected to also include a new mandatory quarantine of three days or more for vaccinated Israeli citizens who've returned from traveling abroad. For unvaccinated inbound Israeli citizens the quarantine will be a week.

The fresh travel rules come as authorities scramble to do contact tracing on exposures related to at least one confirmed Omicron case:

Authorities are scrambling to locate 800 Israelis who may have been exposed to the new Omicron variant of COVID-19, a defense official said Saturday.

The Health Ministry confirmed one case of the new variant in Israel, and said there were seven other suspected cases who were awaiting test results.

Four of the suspected cases returned to Israel recently from international travel, and three had not traveled, raising fears of community transmission in Israel.

Prime Minister Bennett ahead of the vote said the government is "preparing for any scenario." And concerning the new still somewhat mysterious variant, the country's interior minister said, "It looks like it might be more infectious, so we’re taking action as fast as possible."

Just days ago the health minister Nitzan Horowitz announced that Israelis will likely have to get a fourth shot, also as children between the ages of 5 to 11 have begun receiving the jab. Ironically the foreign tourist ban is now being re-imposed for one of the most highly vaxxed nations on earth.

At least 80% of all Israelis 16 and older are now considered fully vaccinated.

Tyler Durden Sat, 11/27/2021 - 23:15

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