MIAMI—What types of projects is industrial money targeting andwhy? GlobeSt.com found the right man to ask:CBRE's Jack Fraker.
Fraker will be on hand at RealShare Industrial Miami next week. In themeantime, we caught up with him to talk about where he sees themoney going. His short answer: class A bulkindustrial in major supply chain cities andgateway markets. But, he said, there is a four-to-one imbalancebetween investor demand and these type of offerings on themarket.
“This imbalance is creating frenzied competition betweeninvestors and forcing investors into either secondary markets orslightly older vintage productthat is still functional,” Frakertells GlobeSt.com. “Properties with a high level offunctionality—clear height, truck court depth, parking, buildingdepth, column spacing, etcetera—are the dominant criteria forinstitutional investors.”
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