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Wilson says here is a high likelihood of a recession within the next few years, and e-commerce demand should help insulate multi-tenant industrial from economic cycle factors more than other asset types.
At the mid-year point there is currently more than 5.5 million square feet of industrial space under construction in South Florida, a record high for the past 10 years, according to the Newmark Knight Frank second quarter report.
Stream Realty Partners is heading into an expansion phase, and Martin Pupil, who is leading the charge, says that if a downturn happens, it will only accelerate growth.
Investors are drawn to industrial properties such as the Northgate Business Park, significant due to its location in the North Dallas/Garland submarket, an established, strong and stable area in high demand.
The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.
Based on Buchanan Street's research, the firm decided to make improvements to the property's dated buildings with flex/R&D office repositioning via updated spaces for research and labs prior to the sale.