Observing the ever-evolving industrial real estate world never fails to surprise. This fluctuating landscape requires us as a team to constantly adapt, learn, and innovate. Let's look at key trends projected to mold the industry's coming future.
The eCommerce Juggernaut: It's not breaking news when we say that eCommerce is big—incredibly big. And it's not stopping. As a team working in the trenches of industrial real estate, we see the ripple effects every day, with an insatiable demand for warehouses and distribution centers. The need for these facilities near urban areas is fueling the growth of last-mile logistics. Looking ahead to 2023, we're excited to see how we can continue to innovate and optimize these crucial spaces amidst dwindling supply.
Rise of the Robots: When our journey in CRE started, a 'high-tech' warehouse had a forklift and a good inventory system. Fast-forward to now, and we've got robotics, AI, and IoT transforming the landscape. We won't claim to be tech experts, but even we can see that this trend is only going to accelerate in 2023. As these technologies continue to develop at a rapid pace, we’re anticipating even more automation and the use of advanced tech in industrial real estate.
The Beauty of Adaptive Reuse: Here's a trend we passionately support—taking old, underutilized industrial buildings and breathing new life into them. We've been impressed with the surge in these adaptive reuse projects lately. The challenge is real (we speak from experience), but the potential rewards of these unique, mixed-use spaces are huge. Keep an eye on this space, especially with the shrinking supply of infill industrial space.
Going Green: It's a challenge we all face. How do we keep creating profitable projects and focus on growth while also caring for the environment? More and more, we're seeing a push for sustainability within our sector. We’re proud to be part of that movement. Solar power, energy efficiency, and eco-friendly practices are already changing how we operate. And as we roll into 2023, this focus on sustainability will only become more important.
So, there you have it. A glimpse into the trends shaping industrial real estate's future. We won't pretend to have all the answers—this industry is nothing if not unpredictable. But by keeping these trends in sight, we believe we can navigate the roller coaster together.
Remember, it’s not just about following the trends, it's about understanding them and using that knowledge to make smart, informed decisions. As always, we encourage you to question, learn, and keep pushing forward!
