Miles Harndon

CBRE vice president based in Minneapolis, where he covers industrial and logistics, including industrial outdoor storage. Miles joined CBRE last year and is currently marking his 20th year in commercial real estate.

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Jun 23, 2025 • 37min

Outside Chance: Investment Opportunities in Industrial Outdoor Storage

Nick Firth, CIO of Industrial Outdoor Ventures, Brian Fumara, Vice Chair at CBRE, and Miles Harndon, CBRE Vice President, delve into the dynamic world of Industrial Outdoor Storage. They discuss the impressive sub-3% vacancy rates and the strong demand for existing storage sites driven by zoning challenges. The trio highlights how IOS is becoming a hot target for major investors, paralleling trends in self-storage. They also explore the impact of electrification and logistics tech reshaping the sector, showcasing IOS's vital role in modern supply chains.

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