SAN DIEGO—Over the next 12 months, industrial users need to be fully prepared, including making adjustments to their supply-chain plans as appropriate, in order to take advantage of the new buildings being delivered, Savills Studley's Bob McGriff tells GlobeSt.com. McGriff, who recently joined the firm's San Diego office as a corporate managing director, specializes in industrial services, focusing on supply-chain management and logistics strategies.
In June, Savills Studley acquired Cresa Carolinas, where McGriff was a principal of the firm. He represents both investors in and occupiers of industrial and office real estate; clients include Husqvarna, Atlas Copco, Ebay Enterprise, 3M Corp, Michelin Tires and XPO Logistics.
We spoke exclusively with McGriff about his new role and trends in the industrial and logistics sector of San Diego.
GlobeSt.com: What are your goals in your new role at Savills Studley?
McGriff: At Savills-Studley, there is a strong commitment to the continued expansion of our national industrial-services group. With proximity to the Mexican border and the Southern California port locations, the San Diego market is a vital strategic location for many of our third-party logistics providers and other industrial clients and, therefore, critical to the firm's growth plans. Our clients across the country see tremendous value in Savills Studley's tenant-only platform, and our team looks forward to bringing critical thinking in real estate, supply-chain management and logistics strategies to the San Diego marketplace.
GlobeSt.com: What trends are you noticing in the industrial and logistics sector of San Diego?
McGriff: The extremely low industrial-property vacancy levels, around 4% regionally, are creating a lot of stress in the marketplace. Tenants have very few options right now for good, functional buildings, and it appears that the next couple years will be very active for developers. Over the next 12 months, it will be essential for companies to be fully prepared, including making adjustments to their supply chain plans as appropriate, in order to take advantage of the new buildings being delivered. Those organizations that are ready and methodical will be successful in the competition for limited supply.
GlobeSt.com: With limited available land, where is there growth opportunity for this sector?
McGriff: The growth opportunity continues to be in the North County Poway area and South Bay. Most of the opportunity in Central San Diego County is with redevelopment.
SAN DIEGO—Over the next 12 months, industrial users need to be fully prepared, including making adjustments to their supply-chain plans as appropriate, in order to take advantage of the new buildings being delivered, Savills Studley's Bob McGriff tells GlobeSt.com. McGriff, who recently joined the firm's San Diego office as a corporate managing director, specializes in industrial services, focusing on supply-chain management and logistics strategies.
In June, Savills Studley acquired Cresa Carolinas, where McGriff was a principal of the firm. He represents both investors in and occupiers of industrial and office real estate; clients include Husqvarna, Atlas Copco, Ebay Enterprise, 3M Corp, Michelin Tires and
We spoke exclusively with McGriff about his new role and trends in the industrial and logistics sector of San Diego.
GlobeSt.com: What are your goals in your new role at Savills Studley?
McGriff: At Savills-Studley, there is a strong commitment to the continued expansion of our national industrial-services group. With proximity to the Mexican border and the Southern California port locations, the San Diego market is a vital strategic location for many of our third-party logistics providers and other industrial clients and, therefore, critical to the firm's growth plans. Our clients across the country see tremendous value in Savills Studley's tenant-only platform, and our team looks forward to bringing critical thinking in real estate, supply-chain management and logistics strategies to the San Diego marketplace.
GlobeSt.com: What trends are you noticing in the industrial and logistics sector of San Diego?
McGriff: The extremely low industrial-property vacancy levels, around 4% regionally, are creating a lot of stress in the marketplace. Tenants have very few options right now for good, functional buildings, and it appears that the next couple years will be very active for developers. Over the next 12 months, it will be essential for companies to be fully prepared, including making adjustments to their supply chain plans as appropriate, in order to take advantage of the new buildings being delivered. Those organizations that are ready and methodical will be successful in the competition for limited supply.
GlobeSt.com: With limited available land, where is there growth opportunity for this sector?
McGriff: The growth opportunity continues to be in the North County Poway area and South Bay. Most of the opportunity in Central San Diego County is with redevelopment.
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