Investment in specialized asset classes like lab and life science, cold storage, and medical office has risen significantly as the lack of opportunities in traditional options like industrial and multifamily has driven interest toward niche alternatives.
A new report from Colliers shows that VC spending (at a record high), COVID-19 research and an uptick in IPO activity have sent prices higher in the office and industrial lab sectors. The latter is currently focused in Boston, San Francisco, and San Diego, though it's gaining momentum in places like Raleigh/Durham, New York City, and Seattle.
"The last mile of food" is the "next frontier" for cold storage, according to Colliers, a trend that's driving big interest from institutional investors.
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