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The Resilient Evolution of the Big Box Market
Industrial Advisors
English - November 03, 2023 08:01 - 6 minutes - 6.87 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 delve into the fascinating evolution of the big box market in the Puget Sound region. Over the years, the definition of "big box" has transformed, and they discuss how it has changed, especially in the wake of the COVID-19 pandemic. They reflect on the pre-COVID perception of big boxes being 150,000 square feet and above, but how the market dynamics have shifted since. Bill and Matt analyze the current state of the big box market, revealing the significant demand for spaces exceeding 500,000 square feet and beyond. They share insights on the limited availability in this segment and discuss the growing trend of large tenants looking for substantial space well into the future. With a focus on the Puget Sound market's resiliency, they highlight the strength of the big box market, even in comparison to other West Coast markets. Don't miss this episode if you're interested in understanding the changing landscape of the big box market in the Puget Sound region and its promising outlook as they head into 2024.
Key Moments:
00:00:35- Introduction and Topic Overview
00:01:05 – Defining the Big Box Market
00:02:28- Demand for Large Spaces
00:03:43- Recent Deals
00:05:19- Book Promotion