According to Blaine Kelley, senior vice president of the global supply chain practice with CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.
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Dense urban markets where land zoned for industrial is in short supply and property values are at a premium are candidates for vertical warehouse construction, industrial brokers say.
India and Vietnam might become the winners in the current trade negotiations, shifting growth in imports to the East Coast ports.
Spencer Levy cautions that industrial and multifamily will confront short-term supply headwinds, and stresses that retail has been unfairly pummeled.
Many commercial lenders in 2018 have carved out new policies for pricing discounts on quality industrial properties in core markets.