The Industrial Real Estate Podcast
A Deep Dive into Industrial Real Estate (Part I)
Jun 12, 2024
Join Douglas Kiersey, CEO of Dermody Properties, as he discusses trends in industrial real estate such as automation and taller buildings. Explore challenges like meeting power demand and managing waste. Learn about successful vs. canceled projects, the rise of million-square-foot buildings, and market strategies for industrial real estate.
01:00:32
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Quick takeaways
- Quality tenants prioritize location and functionality over unique building features for long-term value.
- Federal Reserve rate shifts impact industrial real estate valuations, signaling market distress and asset value adjustments.
Deep dives
Location and Functionality over Aesthetic Differentiation
Focusing on location and functionality rather than aesthetic differentiation is crucial in attracting quality tenants and ensuring long-term value. While some may believe that unique building features differentiate properties, the reality is that meeting minimum quality standards and having a prime location drive tenant demand more effectively.
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