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State of Industrial Real Estate: It's Crunch Time

BLS & Co.'s Michelle Comerford offers insight on the rapidly evolving logistics real estate industry for Logistics Management.

“Depending on the operation and business, being within two-day ground shipping to all U.S. population may suffice,” says Michelle Comerford, project director for industrial and supply chain practice leader at site selection advisory firm Biggins Lacy Shapiro & Co. “But, if you’re Amazon, or attempting to compete with Amazon, then you have your sights set on being able to deliver to most U.S. population much faster—eventually, within hours.”

While such demand is creating the perfect environment for speculative DC space, Comerford stresses that many developers are still cautious. “It was a long recovery for many following the recession a decade ago,” she adds. “Many found themselves with excess space.”

Read the full report here: https://www.logisticsmgmt.com/article/state_of_industrial_real_estate_its_crunch_time  

Michelle Comerford

Project Director / Industrial & Supply Chain Practice Leader

Michelle Comerford is the Industrial & Supply Chain Practice Leader at Biggins Lacy Shapiro & Co., one of the largest, most highly regarded site selection and incentives advisory firms in North America. BLS & Co. helps manage the complexities associated with finding optimal location and securing incentives to support new ventures. Michelle has recently been published in fDi Magazine, Inbound Logistics, Trade & Industry Development, Supply & Demand Chain Executive, among others.

Source:
Logistics Management
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