Our Investment Director and Partner, Hunt Rose, shared his insights on the evolving industrial real estate sector, which continues to be driven by consumer demand, onshoring, and infrastructure investment. In this insightful Q&A, SIOR Global President David Lockwood offers his outlook, predicting steady growth through 2024 and accelerating momentum in 2025.
“Industrial commercial real estate market is being driven by the rapid pace of consumerism.”
What is driving industrial –
• Consumerism – companies need storage and distribution facilities near delivery points
• Onshoring/Reshoring manufacturing – bring manufacturing back domestically to avoid supply chain disruptions
• Construction – infrastructure spending
Hunt says: “I with David that there is a runway in front of us. I don’t think any of these industrial tailwinds are a short term trend and could serve to fuel industrial demand for many years to come.”
David is projecting “plodding along in a good way” through 2024 and seeing some more exciting momentum starting in 2025.
Read the full Q&A here