The Fort
#371 - Jack Fraker - President, Global Head of Industrial & Logistics @ Newmark - Macro Overview of Industrial Real Estate
Nov 19, 2024
Jack Fraker, President and Global Head of Industrial & Logistics at Newmark, shares his extensive experience in industrial real estate. He discusses the current global landscape and trends in development, leasing, and sales. The conversation highlights how rising interest rates impact U.S. industrial markets and the increasing demand for warehouse space driven by e-commerce. Fraker also explores the future of industrial real estate in Texas and Mexico, along with challenges faced during tenant relocations due to local opposition.
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Quick takeaways
- Investors are shifting from traditional assets to diverse industrial portfolios, responding to higher costs and complexities in Manhattan office buildings.
- Technological innovations like Vesto are streamlining financial management for real estate firms, enhancing their focus on strategic decision-making.
Deep dives
Shift in Investment Preferences
Overseas investors historically gravitated towards Manhattan office buildings due to their size and potential for substantial returns. However, this asset class has revealed higher costs and complexities associated with leasing and tenant renewals, prompting a reevaluation of investment strategies. Investors are now exploring larger, multi-building portfolios across various cities, which allows for more significant financial commitments and better risk diversification. This shift is attracting attention from Middle Eastern, Asian, and European investors, who are looking for opportunities that align more effectively with their investment goals.
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