The niche commercial property sector of industrial outdoor storage (IOS) is seeing growing demand in line with the broader industrial property boom and this positive trend looks set to continue.
"Investor demand for IOS has been buoyed by strong recent operating results, favorable long-term supply demand dynamics, and a de minimis cap-ex burden," write Vince Tibone and Jessica Zheng in a Green Street report on the sector.
"Given approximately zero net new supply of IOS sites near logistics nodes, demand and rent growth for well-located IOS should remain robust over time."
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