“The boom in e-commerce and industrial real estate is beginning to trickle down into the niche sector of industrial outdoor storage properties. Also known as industrial service facilities, these concrete paved or crushed rock surfaced properties are typically used for equipment storage, bulk material storage and distribution, fleet vehicle storage, and increasingly valuable shipping containers. Vacancy rates on outdoor storage facilities usually run between 2% – 3.5%, much lower than the overall industrial market at 5% – 6% (Commercial Property Executive). Historically, these properties don’t trade hands often, but that may start to change. Recently, an off-market sale of a 50-acre storage yard in the Chicago market grabbed headlines (Globe St.). As imports continue their historic streak, the boom in industrial outdoor storage properties may just be underway.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

The Industrial Subset That’s Even ‘Stickier’ Than Traditional Warehouses
Commercial Property Executive – September 1, 2021
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Are Transload Facilities The Next Frontier In The Industrial Investment Race?
Wealth Management – August 19, 2021
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Industrial Construction Ramps Up
Commercial Property Executive – August 27, 2021
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No End In Sight For Big-Box Industrial’s Record-Setting Leasing
Bisnow – August 24, 2021
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R E G I O N A L   N E W S

Brennan Investment Group Purchases 50-Acre Storage Yard
Globe St. – August 30, 2021
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New Distribution Center Underway In Country Club Hills
To Emphasize Minority Hiring In Construction
Chicago Tribune – August 31, 2021
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50-Acre Industrial Center In The Works In Williamson County
Austin American-Statesman – August 31, 2021
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EastGroup Buys Logistics Campus For $90M
Commercial Property Executive – August 30, 2021
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Zell Loses Bid For N.J. Firm
Crains Chicago Business – August 31, 2021
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