Exploring Industrial Outdoor Storage (IOS)
Industrial Advisors
English - January 12, 2024 09:01 - 7 minutes - 8.75 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 are joined by special guest Kyle Back to discuss the rising trends and challenges within the industrial outdoor storage (IOS) sector. The group talks about the increasing interest from funds, the attractiveness these sites hold due to low maintenance costs, and strategies to boost revenue, such as dividing the storage space to accommodate multiple small tenants. However, the group also mentions that demand has been somewhat overstated and certain IOS sites that don't have future development potential or are of awkward dimensions have been sitting vacant. They conclude that well invested sites, with paving, fencing, and lighting, tend to do well and attract good credit groups.
00:35 Introduction and Welcome
00:41 Understanding Industrial Outdoor Storage (IOS)
01:27 The Attraction of IOS Sites
01:59 The Reality of Demand for IOS Sites
02:09 Investor Interest in IOS Sites
04:04 Challenges and Opportunities with IOS Sites
04:44 Ongoing Costs and Management of IOS Sites
06:22 The Success of Well-Developed IOS Sites
07:03 Conclusion and Future Tracking of IOS