Because of its diverse tenant base, the industrial outdoor storage is not suffering much during the current "freight recession," according to Jimmy Ulrich of Colliers' Industrial Capital markets team.
The trucking industry, which is closely linked to IOS, as of March 2023, has seen orders drop by approximately 38% compared to the same period the previous year.
J.B. Hunt Transport Services' president Shelley Simpson went as far as to describe the situation as a "freight recession."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
