What they used to call "back-office" properties, industrial outdoor storage (IOS) space is now a $200-billion asset class that's firmly on the radar of institutional investors.
The demand for the diminishing number of IOS lots, clustered around US cities, that are zoned to permit outdoor storage is skyrocketing.
IOS lots are being used as storage facilities supporting e-commerce, infrastructure, construction and logistics businesses, storing everything from equipment and vehicles to stacks of containers. They're typically zoned to restrict any building from covering more than 25 percent of the property. Rental prices are set by the acre instead of SF.
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