Andrew Briner Andrew Briner

LOS ANGELES—Industrial investment activity fell in the first quarter of the year compared to 1Q16 by more than 18%. The decline was driven by a supply shortage, according to Andrew Briner, an industrial market expert who recently joined HFF as a managing director with a focus on industrial investment sale transactions throughout Southern California and the West Coast. As Briner settled into his new position, we sat down with him to get an inside look at the industrial investment market, why it dipped at the beginning of the year and what the supply shortage means for market activity.