While many property types have seen compression and a decline in transactions, no property type has fared more strongly than industrial. Demand for omnichannel shopping has increased due to e-commerce over the last decade, driving up prices in California’s Inland Empire for leasing, investment sales, as well as construction costs and development timelines.
Intense demand due to COVID-19 has left industrial tenants and developers looking at new markets, pushing to the further reaches of the region and to other markets like North Las Vegas and Phoenix. Panelists Nicholas Ilagan of Caprock Partners and Mark Zorn of Colliers International explore the state of the region, where industrial is heading, and what investors, tenants, and developers can expect to see in 2021.
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
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