Flavor of the day or the next big thing? Two opposing perspectives…
Critic:
You sit on the edge of town.
Dusty yards, trucks and trailers lined up.
Neighbors complain, zoning boards resist.
Surely this isn’t the future of industrial.
Proponent:
Bulk warehouses has softened,
but my rents are up 120%+ since 2020.
My vacancy is half theirs.
$200B hiding in plain site.
Critic:
Glorified parking lots?
Fragmented and hard to finance.
Investors want scale and polish.
You don't move the needle.
Proponent:
Tenants are sticky, and scale is coming.
Supply is locked by zoning.
Not glamorous but indispensable.
Capital is waking up: Clarion, Brookfield, J.P. Morgan.
What do you think?
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