As REITs and other landlords continue to reap the rewards of the red-hot industrial sector, they’re going beyond ground-up development to satisfy the growing appetite for space.
Several industrial REITs, for instance, are coupling traditional development activity with value-add projects. Meanwhile, a new report from the real estate and construction services practice at professional services firm BDO envisions a rise in the expansion of existing warehouses.
“Developing properties from the ground up is one thing. Redeveloping properties that are in place to make them work better and handle more goods is also part of the thought process,” says Stuart Eisenberg, national co-leader of the real estate and construction services practice at BDO.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.