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Mega Industrial Users Don’t Drive the Market

It seems like major ecommerce users—like Amazon—are behind the rent hikes, but experts say that the industrial market has a diverse tenant pool that will protect it from economic downturns.

The get a lot of attention, but are major ecommerce users driving tenancy in the industrial market? Jeff Rinkov, the CEO of Lee & Associates, says no, adding that the industrial tenant mix is much more diverse and therefore better protected against a potential downturn. According to the 2Q17 report from the firm, rental rates are continuing to increase to all-time highs. As a result, tenants are starting to pushback and move to other markets, but others are finding ways to adapt. To find out more about the market, the extreme increase in rents and how tenants are adapting, we sat down with Rinkov for an exclusive interview.

GlobeSt.com Rents are continuing to rise for industrial product. Are these record rents sustainable?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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