U.S. Manufacturing Begins Rebound from April Trough

U.S. manufacturing activity began to rebound in May after reaching an 11-year low in April. The Institute for Supply Management said Monday that its survey of national factory activity rose to a reading of 43.1 last month, following April’s sharp contraction to 41.5 that ended 131 consecutive months of growth. Any reading below 50 for the Purchasing Managers Index, which is based on a survey of manufacturers, indicates contraction.

“The coronavirus pandemic impacted all manufacturing sectors for the third straight month,” said ISM’s Timothy Fiore. “May appears to be a transition month, as many panelists and their suppliers returned to work late in the month.

However, he added, “demand remains uncertain, likely impacting inventories, customer inventories, employment, imports and backlog of orders.”

Of the 18 industries measured by the PMI, six reported growth. Among the largest sectors in the PMI, only the Food, Beverage & Tobacco Products sector is expanding.

Recent Posts

HOW TO BUY A NEW PIECE OF INDUSTRIAL REAL ESTATE

Buying industrial and commercial real estate can be an incredibly complex undertaking full of regulations and red tape that most

OPPORTUNITY ZONE MAP

Click Here To Open The Zone Map
09

Join Our

Network

Keep up to date with the latest market trends and opportunities in Riverside and beyond!

Let’s Do This!

Fill out the form below and we will get back to you within the next 24-48
hours to discuss more!

Process To Lease

Leasing a Commercial Property can be a complicated process with very important specifications and detail to consider. Hard to find facilities, zoning ordinances, occupancy permit process, etc. are generally different for each building. Landlord motivations, understanding market rates, and concessions are constantly changing. Our process will keep you from feeling overwhelmed and guide you with confidence.

Some of the details include:

  • Facility Requirement Evaluation
  • Location Comparison
  • Zoning and City Occupancy Application Process
  • Facility Evaluation
  • Short List Decision Matrix
  • Financial Assessment
  • Negotiations

Process To Sell

Selling a property can be a challenging process and there are necessary steps that need to be taken to prevent re-trades, assure property appraises and Buyer’s ability to occupy without drawbacks. Our team will provide a systematic proceeds to navigate the disposition of your property.

Some of the details include:

  • Site Assessment & Valuation
  • Identify Deferred Maintenance & Code Compliance
  • Review Property Title Report
  • Marketing Plan
  • Pre-Qualify Buyers
  • Manage & Streamline Offers, Negotiations & Escrow
  • 1031 Exchange
  • Post-Closing Follow Up
  • Environmental Clearance

Get a free estimate.

Let’s Do This!

Fill out the form below and we will get back to you within the next 24-48
hours to discuss more!

Process To Buy

Purchasing property can be a challenging process and there are necessary steps that need to be taken to facilitate and economize the acquisition. Our team will provide a systematic process to navigate your purchase.

Some of the details include:

  • Facility Requirements
  • Location
  • Pre-Qualified Financing
  • Develop Short List of Properties
  • Property Comparison Analysis
  • Negotiate Purchase Agreement
  • Occupancy Permits/ Entitlements
  • Tenant improvements costs determined
  • Appraisal/ Environmental and Title Reports
  • Code Compliance
  • Successful Close of Escrow
  • Post Closing Process