During the peak of the Covid-induced e-commerce boom, industrial real estate was at a premium. Not much has changed since then, with vacancy rates remaining in the single digits.
But changes may be coming.
Brandon Page, executive vice president, head of leasing and customer solutions for Link Logistics joined Talking Supply Chain host Brian Straight to discuss the state of industrial real estate, and where some relief may be coming.
While stories of too much capacity dominated headlines in 2023, Page said that subleasing has always been part of the real estate space as company requirements shift. From Americans relocating, to increasing and decreasing demand for products, the industrial real estate space needs to remain flexible.
While 2021-2023 saw a construction boom, that has ended, and as e-commerce, and retail in general, continue to grow, Page offers his thoughts on how the slowdown in construction could impact the industry in the years to come.
Listen today.
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