Connect CRE recently gathered key players in industrial real estate at the Connect Midwest Industrial Conference in Chicago to discuss their insights on the market and emerging trends. We asked, “What does the demand for industrial (space or properties) look like compared to a year ago?”
Michael Brennan, Co-Founder, Chairman, and Managing Principal of Brennan Investment Group said, “There are several reasons why industrial demand over the last five years has been much different and much stronger than it was historically.” He cited factors such as the rise in data centers and e-commerce as well as the advancement of robotics and automation. “Industrial is a beneficiary of technology, as opposed to office or retail, which can be hurt by technology,” Brennan added.
In the video below, you’ll hear more from Brennan on industrial insights as well as key takeaways from Christine Choi Moore, Head of Leasing and Market Officer for the Midwest Region at Dalfen Industrial, and Daniel North, Counsel at Thompson Coburn’s LLP’s Chicago office. They shared their thoughts on the future of industrial and how demand may be impacted by tariffs.
“I believe that in the upcoming year, demand will remain strong and increase compared to last year,” said Choi Moore. “What I’m hearing from my development clients is that tariffs are making pricing for construction and outlooks more than a month or two in advance really difficult,” added North.
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