I hired Ward Richmond because I needed a fast-paced individual who specializes in solutions for 3PLs and could deliver a comprehensive solution that maximized site value and enabled me to close the deal. His market intelligence and relentless effort on this project undoubtedly helped us secure the business with this new, Fortune 500 customer.
Ward Richmond understands the 3PL business. We rely on Ward to help solve our customers’ supply chain opportunities and provide them with logistics solutions that fit their needs.
Ward has consistently demonstrated a high level of customer service, a strong work ethic, and comprehensive understanding of transportation & logistics-related real estate.
Ward and his team have consistently delivered a high level of customer service over the course of several years and hundreds of transactions by working closely with our team in an effort to assist us with developing and implementing creative real estate solutions.
Positive attitude and customer-centered approach made for a great working relationship.
Ward and his team have consistently exceeded our expectations while working closely with our Properties Team to execute our real estate strategies and achieve our stated objectives.
The Colliers team worked quickly and efficiently to leverage their local market relationships to find KW multiple short term, flexible space solutions in an expedient and professional manner.
Ward has acted as our strategic real estate partner for several years having assisted our team during our rapid growth by utilizing strong relationships and unparalleled market knowledge to source off-market opportunities for property expansion needs.
Corporate real estate solutions
By Ward Richmond
As you all know, I’m located in DFW, one of the greatest distribution hubs in the world IMHO. This episode is to serve as my quarterly blog on the state of the industrial/supply chain real estate market in DFW specifically with some insights into the national market where applicable. Numbers from Q4 fo 2022 are in and it was a solid end to a great year in the biz.
DFW posted strong numbers for absorption as well as new square footage being added to the market, and I see no slowing this year. Even in the face of supply chain interruptions for specialty equipment ie Electrical and HVAC components. Labor is in short supply as well, but the market just keeps Truckin On.
Tenant demand is still strong with some slight tapering in the larger user market. This has left a bit of a soft spot for the 700k-1M sqft tenant, there being multiple options for a tenant I worked with recently. Vacancy rate is promising for the DFW market at just 5.3%, so the owners of all this beautiful square footage can sleep soundly with that knowledge as well as the rent rates reaching record levels of…
$6.54 Triple Net in industrial market
$5.32 Triple Net in Big box market
That’s what I have for y’all this go around. Until next time, gather your action plan and implement it. If you need assistance with that, please reach out. I’m happy to help!
Connect with Ward:
LinkedIn: www.linkedin.com/in/wardrichmond
Instagram: @ward214tx
Website: TruckinOn.com
YouTube: Supply Chain Real Estate
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