Industrial real estate is a broad sector encompassing many business types and property uses. Locations of properties in this sector are determined more by access to transportation than by population density. Sites are located next to highway interchanges, along train routes, and near airports. However, being located within a close distance to a large labor force is also crucial because industrial parks and centers usually employ hundreds if not thousands of people. Industrial properties are typically leased, but some companies do choose to own their location. Rental rates are usually lower for these spaces because of the lower cost to construct the buildings. Industrial buildings have few office spaces and are mostly comprised of large open spaces either for equipment or storage.
|Role / Company||Location||Posted|
|Credit Underwriting VP/AssociateFour Springs Capital Trust||Wall, NJ||May 31, 2023|
|Senior Asset Management Analyst - Real EstateOlympus Ventures LLC||Minneapolis, MN||May 31, 2023|
|Debt Capital Markets AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management Associate Vice President / Vice PresidentBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Customer service representativeCisco||New york, NY||May 27, 2023|
|Town PlannerTown of Bay Harbor Islands||Bay Harbor Islands, FL||May 25, 2023|
|Development ManagerSerac Capital Partners||Houston, TX||May 24, 2023|
|Real Estate Valuation DirectorML Realty Partners||Itasca, IL||May 24, 2023|
|Deal Principal, Development and InvestmentsFoundry Commercial||Atlanta, GA||May 26, 2023|
Looking to the future
Industrial real estate is deeply tied to the strength of the US economy, especially in areas of manufacturing and distribution. When the economy slows, production will slow at these facilities and businesses will suffer. As oil and energy costs rise, transportation costs for materials to and from these industrial facilities will also rise. Industrial developers seek strategic locations in advance of distribution logistics as well as technology changes that prompt needs for data centers and yet to be discovered real estate solutions for technology innovations. Many manufacturing facilities are in the midst of redevelopment and repurposing as manufacturing processes evolve.