Podcast: The Industrial Real Estate Show with Chad Griffiths
Ward Richmond, executive vice-president with Colliers International, chats with host Chad Griffiths about supply-chain real estate, including warehouses, distribution centres, truck terminals, last-mile hubs, manufacturing facilities and industrial land.
Ward is an expert in supply-chain real estate strategy, having negotiated over 500 transactions in 50-plus cities around the world. The discussion dives into some major trends pertaining to the industrial real estate market, as well as an unrelated topic at the end that some listeners might also find quite fascinating!
0:00 – Introduction;
3:20 – Dealing in an industry with low inventory;
7:00 – Market data / stats across North America;
12:40 – Are tenants price-takers right now;
16:53 – Multi-storey industrial properties;
18:53 – Industrial lease rates across the country;
20:23 – How long will this trend last?
23:50 – Older vs modern industrial properties;
27:19 – Are we at risk of overbuilding?
30:57 – Green initiatives in industrial properties;
33:07 – How to get more market intelligence;
35:28 – Getting in touch with Ward;
36:48 – BONUS section – Alcohol & Mental Health.