Commentary on Industrial Markets

Commentary on Industrial Markets

Week of November 9, 2020

Transactions are down. Working on more, smaller deals to make up the difference. There is a greater appreciation for competency and referrals due to reputation. Finding greater cooperation in the market and less posturing.
Industrial real estate is the best of all product types. Still, there is more available in the lease market. Sale buildings are hard to find. Pricing has softened in the sense they are not going up 10% a year. More a plateau. Expectations are down but nothing is standing in the way of the institutional appetite. Private buyers are better served with situational deals or making a mark in the “sub-institutional” category.
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CREate 360 – Fall Conference

CREate 360 – Fall Conference

Twice a year I meet with my SIOR colleagues from around the world to make deals and compare markets. This was the first time we held the meeting virtually. While not the same as in-person, I was still able to connect with many of my peers and have valuable learning time.
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New Asian Cities

New Asian Cities

Through my attendance at MIT’s World Real Estate Forum, I was introduced to new research that is collected in the book entitled, Toward Urban Economic Vibrancy, Patterns and Practice in Asia’s New Cities, Edited by Siqi Zheng and Zhengzhen Tan. The several papers that make up the book include sections on finance, structure, Public Private Partnership, design, success measurements, industrial policy, location, and case studies.
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What I Learned From Attending MIT’s World Real Estate Forum 2020

What I Learned From Attending MIT’s World Real Estate Forum 2020

This year’s Forum was held virtually with presenters and participants from Asia, Europe, and the United States. There were a wide range of future-focused topics that came at the right time.  The Forum opened many new doors for exploration and research. My favorite sessions addressed ESG, Wellness, New Cities, Pricing Metrics, and Virtual Worlds.
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Ownership Concentrations in Los Angeles Industrial Real Estate

Ownership Concentrations in Los Angeles Industrial Real Estate

Every August, the Los Angeles Tax Assessor releases its annual Tax Roll that lists all ownership in Los Angeles County. This is valuable data and serves as an important part of our statistical analysis for the year. In other words, Tax Roll data helps us find properties to purchase.  For Tax Year 2019/2020, the share of Institutional ownership increased in all size ranges, particularly larger buildings.  For investment buyers, more focus on smaller buildings will be fruitful because there is less institutional concentration.

percent of institutional ownership
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