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A Year in Review and Looking Ahead to 2024
Industrial Advisors
English - January 05, 2024 09:01 - 19 minutes - 22 MB - ★★★★★ - 21 ratingsInvesting Business News Business News colliers international industrial real estate bill condon commercial real estate industrial advisors industrial advisors show matt mcgregor real estate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor discuss significant factors that influenced the industrial market in 2023 and make predictions for 2024. They noticed an increasing vacancy rate in the 100 to 200 thousand square feet range, with Kent Valley and North End being the only two submarkets with positive absorption. A notable point was the decline in the number of industrial land sales in 2023. They predict a slower start for investment volume in 2024 but expect a substantial increase in the second half of the year.
00:02 Introduction and Welcome
00:37 2023 in Review: Predictions and Reflections
01:18 Market Analysis: Inventory and Vacancy
03:25 Market Analysis: Absorption and Submarkets
05:17 Market Analysis: South Seattle
10:20 Market Analysis: Kent Valley and Auburn
12:42 Market Analysis: Land Sales and Investment Volume
15:17 Predictions for 2024