Industrial Advisors

In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor, supported by cutting-edge AI technology, delve into Amazon's recent activities and strategies in the Western region. They discuss Amazon's significant investments in industrial real estate and data centers, highlighting a strategic pivot driven by the AI boom. Despite a seeming slowdown in new warehouse developments in some Western markets, Amazon has spent billions acquiring land, particularly for cloud computing facilities, and continues to expand its logistics network. The episode also explores Amazon's investments in innovative technologies to revolutionize warehouse operations and supply chain management. By examining industry reports, financial data, and real estate transactions, the hosts provide a comprehensive understanding of Amazon's evolving strategy and its implications for the industrial sector.

00:26 Podcast Overview and Research Process

01:24 AI-Generated Podcast on Amazon

02:48 Amazon's Western Region Activities

04:30 Amazon's Strategic Shift to Data Centers

07:21 Logistics and Warehouse Developments

11:39 Amazon's Industrial Innovation Fund

16:14 Impact of Amazon's Office Return Mandate

17:50 Conclusion and Key Takeaways

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 delve into the recent surge in activity by Chinese third-party logistics (3PL) companies in the US industrial market, particularly in the Inland Empire region. This spike in activity was driven by companies anticipating tariffs from the Trump administration, leading them to import goods ahead of expected cost increases. The discussion highlights the reasons behind the increased presence of Chinese 3PLs, the strategies they employed to circumvent tariffs, and the potential future impacts on the market, including influence from major players like Amazon. With insights based on recent research and market observations, this episode provides a comprehensive overview of current trends and future projections in the logistics and industrial sectors.

00:00 Introduction and Market Anticipation

00:35 Chinese 3PL Companies' Market Activity

01:08 Inland Empire: The Hotspot for Chinese 3PLs

02:25 Impact of Tariffs and Trade Wars

03:48 Shift to Chinese 3PL Model

05:28 Future Market Predictions and Amazon's Role

08:10 Conclusion and Local Market Insights

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 current state and future of electric fleets, industrial buildings, and autonomous trucks. They highlight the slow adoption of electric fleets due to infrastructure challenges, high costs, and lack of standardization. They also examine the pilot projects by companies like Walmart, which have been experimenting with autonomous trucks since 2016, and touch on why a full transition to electric and autonomous fleets has been slow. Despite some advancements, the conversation underscores that significant hurdles remain, making the future of electric and autonomous trucking complex and gradual.

00:54 Current State of Electric Fleets

02:08 Challenges in Infrastructure and Costs

03:11 Spec Buildings and Future Projections

04:31 Autonomous Trucks and Pilot Projects

05:27 Future of Autonomous and Electric Trucks

06:23 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 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