Logistics Business is Spurring Speculative Industrial Builds

Bement: “Over the past few years, logistics companies have been the major segment to absorb the area vacancies.”

SAN DIEGO—The local market is seeing speculative industrial development—something it hasn’t seen for years—mainly due to the surge in freight-forwarders business fulfilling Internet orders, NGKF’s senior managing director Ron Bement tells GlobeSt.com. As we recently reported, Bement has been appointed to this new role, in which he aims to expand the firm’s San Diego industrial division, work with the company’s capital-markets group to pursue additional institutional clients and collaborate with the NGKF’s Inland Empire industrial and logistics specialists to better serve growing clients. We spoke exclusively with Bement about his new position, the industrial markets in East and South County San Diego and some of the challenges landlords and tenants face in those markets.

GlobeSt.com: What do you hope to accomplish in your new role with NGKF?