·     With sub-3% vacancy and strong rent growth, Industrial Outdoor Storage (IOS) is outperforming traditional industrial assets.

·     Zoning and entitlement hurdles limit new IOS development, boosting demand for existing sites.

·     Major investors are amassing IOS portfolios, following the path of self-storage and single-family rental.

·     IOS supports logistics, construction and utilities with strategic infill locations and flexible outdoor space.

·     Electrification and evolving logistics technology are reshaping IOS.