and million-square-foot distribution
“In the last two years, we have seen
about 4 million to 5 million square feet
come on-line each year, the majority of
that has been big box,” he says.
Finally, he says, the terrors of the world
have come to impact the industrial
real estate world as companies now
spend a lot of time controlling inventory as it moves from point-of-origin to
point-of-destination. That has meant
increased security even at distribution
“Older buildings had as many points of
access as possible,” Jensen explains.
“Now the yards are being secured.
Warehouse operators want one point of
access for a trailer to enter or egress,
and it is often gated with a guard house.
Once the driver gets on property, they
want to know he is there until they know
he is no longer there.”
Locations, external factors affecting
commerce, security issues, the rise
of e-commerce, and new technologies
have subtly, but consistently, been
changing the industrial/distribution
real estate business over the last cou-
ple of decades. The business may look
mundane and old-school, but it has
been quickly evolving to meet the needs
of the modern world.
Promoting and sponsoring initiatives that
educate, enhance, and expand the commercial real estate community. The SIOR
Foundation is a 501 (c)( 3) not-for-profit
organization. All contributions are tax
deductible to the extent of the law.
John Barker Jr.