The forecast: Disruptions will continue for industrial real estate in ‘21
There’s no one better than NAI Hiffman’s Executive VP Adam Roth when it comes to analyzing transportation and logistics trends. Adam contributed his expertise to Matthew Baker’s fascinating RE Journals article looking at 2021 and beyond – as effects of evolving consumer behaviors, updated supply chain strategies and changing transportation regulations ripple through the market.
“Roth noted a peculiar and unprecedented theme that developed in 2020, as there was relatively consistent demand for 30,000-square-foot spaces and under, as well as, conversely, 500,000-square-feet and above. He speculated that some smaller companies manufacturing COVID-related products like PPE are taking the smaller spaces while interstate distributors continue to gobble up the big box warehouses. Other firms that would typically occupy those mid-tier spaces may have taken a wait-and-see approach during the pandemic.”
Read the full article here.