Industrial remains a highly desirable asset class despite a cooling of demand and softened market fundamentals. Prologis’ Melinda McLaughlin and CBRE’s Chris Riley offer insights on the long-term prospects for the sector.
Insights to Share:
- While the last 24 months have seen a slowdown of transaction activity in industrial markets, the long-term prospects remain solid.
- Conversions to industrial are typically viable where land comprises most of the total development costs, which usually are close to densely populated urban centers.
- Manufacturing and warehouse facilities have increased automation, adding technology that enables machinery to adapt to changes in the business.
