Industry Experts on the Challenges, Opportunities in Western Industrial Market (VIDEO)
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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“You’ll see requirements out in the market and [tenants] have 10 options, 15 options. So when we get a deal, we have to move fast. There’s a lot of urgency and anxiety on the landlord’s side to…
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