88. Exploring Office & Industrial Asset Classes feat. Brian Adams
Invest Like a Billionaire
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The Rise of Flex Industrial Properties
In contrast to office, which hasn't really had rents grow over the past 20, 25 years, because of this surge of industrial absorption and reducing vacancy, it's pushed release rates up a line. And so oftentimes we're seeing a $5 square foot on a triple net basis between what current place rents are versus market. But I will say the pain in the neck factor is pretty high for the first 12 to 36 months, right? Because you're converting leases from modified gross to triple net, which no tenant likes,. You're probably kicking some users out by reinteriors or problematic for whatever reason. It can be very hard to build kind of a flex industrial property in an existing
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