We started a new site where Users can snap pictures of available space from their phone or PC and upload directly to the site. It’s meant to work on a market-to-market basis because it also requires extensive “‘on-the-ground” support so Users know about the service. We are testing it in Gardena first. Space providers can offer directly to Space Occupiers. Continue reading “SnapSpace in Beta”
Here is the reading/resource list for the session in Austin entitled, Digital Transformation Of The Industrial Broker
reading list
Industrial Building Portfolios, $50MM and greater, are where the action is today. Institutional investors need scale and the only place to find it, as far as industrial, is in the portfolios of National Operating Companies and Private Partnerships. Institutional Investors stand between the real estate and fixed obligations to satisfy pension, insurance, and retirement plans. It’s major financial plumbing and as the obligations grow so does the need for product. Roll ups, a familiar consolidation vehicle in corporate America, is now the preferred way for large real estate investors to buy. Unknown to many, national industrial building ownership is consolidating and almost all local developers/investors sell into these relatively few pools as a final exit.
Continue reading “Industrial Building Portfolios – In Heavy Demand”
Dynamic pricing is becoming a greater influence on space leasing and building sales. By dynamism, I mean fluctuating rents separate from conventional underwriting. A “spot market” is emerging to satisfy demand for smaller, flexible, and elastic spaces. Many examples include Truck Yards, Warehouse Sharing, Creative, Cannabis, and other categories of sub-space where “street rents” are disconnected from contract rents. WeWork and Amazon are two primary examples that contract with the Landlord at one rent, and lease out space bits at higher rents. Public Warehouses, Self-Storage, Swap Meets, Studios and Truck Yards operate along the same model by collecting additional rent by offering “alternative occupancies” with varying degrees of added services. The revolution is any building can be pieced out especially with easily acquired technology that can create “smart” buildings for automation, surveillance, and access.
Continue reading “Race for Space – The New Dynamism”
There is everything going for it this year. Big Capital is heavily on the warpath with more cash than ever looking at older, smaller and tertiary property with as much effort as they do with “A” product. Occupiers are armed with low tax rates and incentives for new plant, equipment, and improvements. Technologists are advancing innovation to increase cash flows with robotics, automation, ecommerce and sharing. At the top, the Developer-in Chief is intent on making commercial real estate and U.S. Industry the biggest winners in the economy.
Continue reading “2018: Dynamo Year Ahead for Industrial”
This is a great example of Creative Space. It comes from Industry City in Brooklyn and shows a 14,000 square foot space they currently have available. There are 120 desks which works out to 8.5 people for every 1000 square feet. It is the information factory of the future.
Continue reading “Great Example of Creative Space”
Spiders, Extractors, and Crawlers are all software tools that go out and search metadata to retrieve results that can be helpful to your business. They are often used to search for emails. One popular tool, once endorsed by Mike Lipsey, president of The Lipsey Company, is the eGrabber, a lead generation software. I’ve used it for many years but customers have become so overwhelmed that I question the effectiveness of HTML mail any longer. So far, the tool I use that tracks emails comes standard in Salesforce and counts the number of times your email has been opened. This provides metrics that can refine your marketing program.
Continue reading “Using Spiders, Extractors, and Crawlers for Insights and Leads”
“Some e-commerce players use their warehouses much like they use computer servers,” Klein said. “They figure out what the best space is, what the most valuable space is, and they time it so it is more seasonal. And that’s the revolution that is coming. You can monetize your warehouses and get more rents by sharing it with different tenants than you can just by getting one tenant.”
Entire Article at Bisnow
and attached The Rise Of Urban Last-Mile Logistics Brings Warehouse Renovations And Higher Rents – Industrial
The industrial real estate business keeps changing. I pay close attention to trends because they lead to deals. These are a few observations for end of 2017.
Continue reading “Industrial Real Estate Observations- Fall 2017”