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3/12/2009
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MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL OVERVIEWBill Throne
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL OVERVIEWThanks owed to the Reporters:
Ron Biesecker Thalhimer/Cushman and WakefieldChristine Kaempfe Thalhimer/Cushman and WakefieldPat Mumey Thalhimer/Cushman and WakefieldScott Wermers Thalhimer/Cushman and WakefieldScott Wermers Thalhimer/Cushman and WakefieldAbe Ellis Thalhimer/ Cushman and WakefieldBobby Phillips Thalhimer/Cushman and WakefieldWorth Remick CB Richard EllisCharles Dickenson Harvey LindsayBilly King Harvey LindsayBobby Beasley Harvey LindsayChip Worley Harvey LindsayClay Culbreth GVA AdvantisBrian Baker GVA AdvantisStephanie Sanker GVA Advantis
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INTRODUCTION 2008
“HIGH CUBE” CHALLENGED
INDUSTRIAL CORE STILL HEALTH
2009 FORECAST
CONCLUSION
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
JOB GROWTH
2008
UNEMPLOYMENT
FINANCIAL MARKETS
RECENT ANNOUNCEMENTS
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
2008
Nestle Waters (January 2008) Chesapeake( 2008) CArvinMeritor (January 2008) Chesapeake
Montague Farms (May 2008) WindsorKraft Foods/Planters Peanuts (June 2008) Expansion/SuffolkOOCL Logistics (July 2008) SuffolkPolaris (July 2008) ChesapeakeADS (August 2008) Expansion/VBCryomax (Sept 2008) ChesapeakeGreatwide Logistics (October 2008) SuffolkUS Auto Parts (January 2009) ChesapeakeGreatwide Logistics (January 2009) Expansion/Suffolk
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
GVA ADVANTIS –Now 16 Locations
2008
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MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
GVA
TOTAL TRANSACTION VOLUME$1,038,781,427
TOTAL SQUARE FEET15,837,107
2008
ADVANTIS
NUMBER OF DEALS1,374
TOTAL ACRES42,316
TOTAL MANAGED PROPERTIES 13,825,847 Square Feet
TOTAL CONSTRUCTION VOLUME$51,000,000
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
“HIGH CUBE” SPACE CHALLENGED
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
PORT BENEFITS ARE LEGITIMATE
“HIGH CUBE” SPACE CHALLENGED
ECONOMY MAY WORK TO OUR FAVOR
APPLAUD THE “PIONEERS”
ONE OR TWO TENANTS…
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL CORE STILL HEALTHY
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL CORE STILL HEALTHY
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL CORE STILL HEALTHY
3/12/2009
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MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL CORE STILL HEALTHY
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
INDUSTRIAL CORE STILL HEALTHY
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
2009 FORECAST
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
2009 FORECAST
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
WAVERTON COMMERCE PARK
2009 FORECAST
MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
WAVERTON COMMERCE PARK
2009 FORECAST
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MARCH 11TH, 2009
ODU/CREED 2008 Industrial Market Overview
THINK REGIONALLY
CONCLUSION
THANK THE MILITARY
HAVE FAITH IN THE PORT OF VIRGINIA
WORK FOR OUR INDUSTRIAL COMMUNITY