The rise of the electric vehicle (EV) market thus far has been exciting to watch, and its impact is not limited to cleaner transportation and reduced carbon emissions. The Southeastern region of the United States, particularly Georgia, is emerging as a pivotal player in the electric vehicle industry. Notably, what's been coined the "Battery Belt" has been forming in this region, with significant impacts in...
In a NNN (triple net) lease, OpEx is a pass through of operating expenses to the tenant and is paid on a per sq. ft. basis. OpEx covers property taxes, property insurance, and CAM (common area maintenance) expenses. These fees are passed through to the tenant separately from their base rent and are paid on a monthly basis. An example of OpEx: $4.00 psf NNN (base rent) $1.00 OpEx (taxes. insurance,...
You may have heard the expression “A stitch in time saves nine.” This phrase is especially true when it comes to preventive building maintenance. While it can seem expensive or burdensome year over year, neglecting upkeep will inevitably lead to costly repairs, frustrated tenants, or negatively impact rental income. With regular inspections and scheduled preventive maintenance, building owners can...
You don’t have to look far to know employers in our state and across the nation are experiencing a shortage of labor. Signage for “Help Needed” is vast throughout the region, with employers even posting wages and benefits in front of their places of business. A simple Google search will give potential employees’ pages and pages of employment opportunities. Many of these jobs even boast “No real...
Industrial Properties Group, Inc.'s president, Floyd H. Baldwin, SIOR, and regional sales director, Drew C. Addison, SIOR, as well as other Atlanta brokers, were interviewed in recent articles by the Atlanta Business Chronicle on the condition and trends of the industrial real estate market. One of the articles titled "Industrial real estate market is thriving in metro Atlanta area" highlights that even...
Despite all of the uncertainty in the world with Covid-19, civil unrest, trade wars and the ongoing conflicts in the Middle East, there is also goodness that remains clear. The American economy is strong and American manufacturing is adaptable. And, like all adversity in life, if we look long and hard enough, we can always find the positive in every situation. I have been amazed at how the manufacturing...
Industrial Properties Group, Inc.'s President and Broker, Floyd H. Baldwin, SIOR, along with other Atlanta brokers were interviewed in a recent article by the Atlanta Business Chronicle on the condition of the industrial real estate market. Click here for the full article. The article titled "Industrial real estate market is thriving in metro Atlanta area" highlights that even amidst the Covid-19...
Why Hire an SIOR For more than 75 years, SIOR has been the most trusted designation in commercial real estate, synonymous with the world’s most elite industrial and office professionals. Working with an SIOR gets you: Access to a global network of more than 3,400 industry leaders who are held to the highest standard by completing exhaustive curricula that ensures expertise, prestige and trust....
Floyd H. Baldwin, president of Industrial Properties Group, Inc., has been sworn in as the new president of the Georgia Chapter of SIOR, the Society of Industrial and Office REALTORS®. Baldwin's term as president of the group began in January 2020 and will run through the end of the year. With more than 30 years of experience in industrial real estate brokerage services, Baldwin has served...