In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Mike Kendall, the investment team leader for Collier's industrial sector on the West Coast. They discuss recent acquisitions, market trends, and investment strategies for industrial real estate throughout 2024. Key topics include a year-in-review of 2023 versus 2024, the impact of falling rents and weakening leasing fundamentals, and specific market performances in Seattle, Las Vegas, Portland, and Phoenix. The conversation also covers investment opportunities, with advice on navigating vacancy risks, short-term leases, and strategic land purchases. Mike shares insights on the investor climate, the importance of basics like location and functionality, and the potential benefits of patient capital.

00:00 Introduction and Welcome

01:23 Market Overview: 2024 in Review

03:04 Seattle Market Insights

03:35 Leasing Fundamentals and Market Trends

06:42 Investment Opportunities and Strategies

10:47 Core Markets and Long-Term Leases

18:24 Advising Clients in a Volatile Market

20:15 Conclusion and Contact Information

 

Michael Kendall

Vice Chair 

Industrial Capital Markets

U.S. Capital Markets Board of Advisors, Industrial Lead

COLLIERS

949-677-5812

 

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