As developers try to build industrial properties that will last half a century or longer, they are increasingly thinking about how to turn warehouses into what owners and tenants will want in the future.
“What we're telling all of our clients is you need to be cautious about that older stuff in the logistics environment, because we view the future of logistics similarly to the future of office,” Mary Land, cbre Investment Management's head of Americas logistics and strategies, said at Bisnow Northeast Industrial event last week.
Source: ‘Power Is The New Parking': What Companies Want Most In Their Industrial Space Is Rapidly Shifting