In this episode of the Industrial Advisors podcast, Bill Condon and Matt McGregor review the significant market trends of Q1 2025 and offer projections for Q2. They discuss the strong return of capital markets, notable deals, and fluctuating vacancy rates across various submarkets such as South Seattle, Kent Valley, and Pierce County. The podcast also covers large tenant move-ins and move-outs, increases in port activity, and a bullish outlook on investment sales. The episode provides a detailed analysis of market dynamics that influence industrial real estate, investor sentiment, and future expectations.

00:00 Market Rebound and Q2 Outlook

00:43 Introduction to the Podcast

00:47 Q1 2025 Review: Dynamic Factors

00:59 Capital Markets and Absorption Trends

02:25 South Seattle Vacancy and Market Rates

03:23 Market by Market Statistics

07:34 Investment Sales and Market Activity

09:53 Conclusion and Future Outlook

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Craig Hurvitz, the National Director of Research for Industrial. They discuss rising vacancy rates in markets like Charleston, Austin, and Phoenix due to new supply. Craig provides a 2024 recap of bulk occupancies, sector trends, and regional differences. They also cover development trends, port activity impacts, and make predictions for 2025. Key insights include the influence of 3PL providers and the expected stabilization of vacancy rates.

00:41 Welcome to the Industrial Advisors Podcast

01:10 2024 Industrial Occupier Recap

02:21 Sector Trends and Leasing Activity

03:45 Vacancy Rates and Market Performance

07:16 Development and Construction Trends

08:50 Port Activity and Tariff Impacts

12:24 Predictions for 2025

14:13 Conclusion and Farewell

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, the hosts dive into current market trends in the North Valley region, including Renton, Tukwila, and Kenton. They discuss the significant shift in the Fredrickson market with an increase in vacancy rates and slower lease-up times. The episode also examines the challenges faced by multi-story industrial projects in Seattle, highlighting three key properties with high vacancy rates. Additionally, they touch on the lack of new product developments in the North Kent Valley and the success of recent projects near SeaTac. The hosts emphasize the ongoing vacancy issues in 100 to 200 square foot properties and the need for developers to seek new locations. Key trends and leasing activities are analyzed to provide valuable insights for investors, landlords, and tenants.

00:00 Introduction to North Valley Markets

00:28 Welcome to Industrial Advisors Podcast

00:43 Market Trends: Fredrickson Slowdown

02:10 Multi-Story Industrial Projects in Seattle

02:55 Lack of New Product in North Kent Valley

04:11 Leasing Activity and Market Trends

04:47 Conclusion and Thank You

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

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

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor discuss the complexities of vacancy rates in various locations and contexts. They highlight how vacancy can be misleading, with differences based on location, building size, and data tracking methods from firms like Colliers, CBRE, and Cushman. The discussion breaks down vacancy figures in regions such as Seattle, Tacoma, Kent, and Olympia, emphasizing the importance of detailed market analysis. They also touch on trends in subleases and the potential for landlords to consider demising larger buildings to meet market demands.

00:00 Introduction to Vacancy Rates

00:33 Welcome to Industrial Advisors Podcast

00:43 Understanding Vacancy Deception

01:18 Comparing Vacancy Data Across Firms

02:52 Location-Based Vacancy Analysis

04:06 Impact of Building Size on Vacancy

05:39 Current Market Trends and Challenges

06:25 Conclusion and Final Thoughts

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor delve into the changing landscape of the Puget Sound big box market, where the definition of 'big box' has shifted from 100,000 square feet deals 20 years ago to 300,000 square feet and above today. They explore how locations, sizes, and functionalities of buildings have evolved, highlighting modern trends like taller clear heights, increased trailer storage, and the rising importance of quality infrastructure. They also discuss current market trends, including ten existing buildings above 300,000 square feet, seven under construction, and a transition towards newer, more functional properties. Additionally, they anticipate the impact of robotics, electric trucks, and other technological advancements on future constructions.

00:00 Introduction to Future Construction Trends

00:35 Welcome to the Industrial Advisors Podcast

00:41 Defining the Big Box Market

01:29 Evolution of Big Box Locations and Sizes

02:05 Changes in Building Functionality

05:26 Current Market Analysis

10:49 Future Predictions and Challenges

13:24 Conclusion and Final Thoughts

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor discuss the concerning uptick in subleases within the Puget Sound market, rising from 800,000 to 4.6 million square feet in just over two years. The hosts examine how the influx of subleases, particularly those above 100,000 square feet, is problematic for market stability and rental rates. They note that this trend is exacerbated by the increased availability of high-quality sublease spaces and the role of 3PLs (third-party logistics providers) in the market. The episode concludes with a discussion on potential future market corrections and the importance of monitoring the subleasing landscape.

00:00 Introduction and Market Overview

00:52 Sublease Market Analysis

02:01 Impact of Subleases on the Market

02:59 Challenges and Opportunities

05:00 Future Outlook and Conclusion

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by top industrial real estate broker Steve Bellitti from Collier's. Steve provides an overview of the Inland Empire market, discussing market trends, the impacts of COVID-19, rising vacancy rates, and the dramatic shifts in lease rates and sublease spaces. Additionally, the conversation touches on the recent wildfires in Southern California, their effects on the real estate market, and Steve's personal experiences during these tragic events. The episode concludes with insights into future market conditions and projections for 2025.

00:00 Impact of COVID on the Industrial Real Estate Market

01:07 Introduction to the Podcast and Guest

01:54 Overview of the Inland Empire Market

04:44 COVID's Effect on Vacancy Rates and Rents

08:11 Sublease Space and Investment Challenges

11:50 Personal Impact of Wildfires

15:28 Future Outlook for the Inland Empire

17:29 Conclusion and Contact Information

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor discuss their top 10 recommended conferences for brokers and clients in the industrial sector. They highlight the Industrial Asset Management Council (IAMC), RILA Link Conference, EDGE Conference (CSCMP), TPM 21, E-commerce Operations Summit, IWLA Convention and Expo, Gartner Supply Chain Symposium, Promat, SIOR, and Cornet Global Summit. They also end the discussion with their Super Bowl predictions.

CHAPTERS:

00:00 - Intro

00:25 - Industrial Real Estate Conferences

05:58 - Super Bowl Predictions

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com

In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor welcome Mahrin McGregor, a sophomore at Clemson, to discuss the fear of public speaking. Mahrin shares her personal journey from experiencing significant anxiety about public speaking in her early school years to overcoming her fears through practice and participation in competitions. Bill and Matt also share their own experiences and methods for handling public speaking anxiety. The episode highlights the importance of pushing oneself out of comfort zones to grow and the impact of consistent practice and support. Mahrin ends by discussing her recent success in Clemson's public speaking competition and her ongoing progress.

Capters:

00:00 - Intro

01:34 - Fear of Public Speaking: The #1 Fear

01:58 - Bill's Public Speaking Experience

04:26 - Mahrin's Public Speaking Experience

10:55 - Overcoming Fear of Public Speaking

14:05 - Is Society Worse at Public Speaking?

18:37 - Tips for Effective Public Speaking

19:39 - SIP

24:20 – Outro

You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com