Logistics, warehousing and fulfillment are the clear winners this year. This segment of industrial real estate has remained resilient throughout the pandemic—in large part because of a surge in demand from e-commerce, food delivery services, home improvement retailers and, to a lesser degree, medical supply companies.
Much of the country continues to see tight market conditions, according to CBRE’s report on the Canadian industrial real estate market for the second quarter of 2020. The availability rate has edged up since the start of the pandemic, but at 3.5% nationally, it’s still well below the 10-year average of 5.1%. Therefore, what does all of this mean for the current state of the industry? Chad Griffiths is an industrial real estate broker, who’s completed 500+ transactions with clients ranging from local companies to large institutional owners. He joined me this week, to discuss his passion for the industry and the current state of affairs in his profession.
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