As is typical, the industrial segment will lead the industry out of the real estate doldrums. The asset class is fairly less sophisticated then multi-family and office and retail remains a conundrum.
B-class assets and incubator vintage infill will be the first to lease as service companies and ancillary support companies will be buoyed by the improving economy.
Retailers, in anticipation of a recovery, albeit a marginal one, are currently analyzing and re-engineering their logistical schemes. Supply chains are being closely monitored to determine where economic buying trends might break first. The larger retailers will continue to have the strength to locate distribution centers where ever they want.
However, the discount stores and the dollar stores will be under pressure to determine best locations for replenishment, which are more costly, versus several small supply depots closer to store density.
About the author
Scope of Service Experience As Executive Vice President-The Americas, Paul Waters is responsible for business development and client relationships among major corporate end users of office and industrial space. He works with clients to identify opportunities to achieve significant cost savings through strategic occupancy programs and portfolio optimization. Education Bachelor of Science, Boston College Master of Business Administration, University of Phoenix, Background & Experience Mr. Waters possesses more than 20 years of experience across multiple disciplines within the commercial real estate industry, with extensive expertise in the industrial and office representation sector. Prior to joining NAI Global, he was a Senior Managing Director of CB Richard Ellis’ (CBRE) North American Industrial Services and was responsible for the direction, development and operations of CBRE’s national industrial tenant representation practice.
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