Kurt Strasmann

The industrial product in Los Angeles is aging. According to newresearch from CBRE, the average age of industrialbuildings in infill Los Angeles is 39 years, and these buildingsare not equipped to handle the needs of ecommerce tenants today.Redevelopment is a solution to the problem, but its takes time and,with the tight industrial supply, there are limited redevelopmentopportunities. To find out more, we sat down with KurtStrasmann, executive managing director at CBRE. Here, wetalk about the aging industrial stock, why it has been challengingto redevelop and what features ecommerce users are looking for.

GlobeSt.com: Why has it been challenging to build orredevelop warehouse product in Los Angeles?

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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.