Marcus & Millichap Releases Special Report on Industrial Outdoor Storage Properties
18 Juli 2023 - 5:17AM
Business Wire
Marcus & Millichap (NYSE:MMI), a leading commercial real
estate brokerage firm specializing in investment sales, financing,
research and advisory services, has published a special report on
Industrial Outdoor Storage (IOS) properties.
“As growing e-commerce underscores the need for this
historically lesser-known segment of the industrial sector, IOS
properties have emerged as some of the most prominent niche
commercial real estate investments in the marketplace today,” said
Alan Pontius, senior vice president and national director of Marcus
& Millichap’s Office and Industrial divisions. “Because IOS
supply is limited, a level of durability that is highly favorable
for investors exists and as IOS lots serve a mission-critical
support role in last-mile distribution, the asset class has now
come to the attention of investors on a broad scale.”
The report states that while no two IOS properties are the same,
all feature outdoor storage as the primary demand driver, housing
everything from cargo containers to delivery vehicles, and the
machinery needed to service those vehicles. IOS lots serve a
mission-critical support role in last-mile distribution, and the
asset class has now come to the attention of investors on a broad
scale. Well-located properties, especially near infill areas or
trans-shipping hubs, are extremely scarce and development is
challenging. As such, the IOS sector boasts one of the lowest
vacancy rates of any commercial property type, with property
metrics improving in recent years. While IOS assets are not immune
to the impact of higher borrowing costs on transactions, the
supply/demand fundamentals have investors continuing to show a
broadening interest in this space. The complete report is available
here.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm
specializing in commercial real estate investment sales, financing,
research and advisory services with offices throughout the United
States and Canada. As of December 31, 2022, the company had 1,904
investment sales and financing professionals in 81 offices who
provide investment brokerage and financing services to sellers and
buyers of commercial real estate. The company also offers market
research, consulting and advisory services to clients. Marcus &
Millichap closed 12,272 transactions in 2022, with a sales volume
of approximately $86.3 billion. For additional information, please
visit www.MarcusMillichap.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230717917597/en/
Gina Relva, VP of Public Relations
Gina.Relva@marcusmillichap.com 510-999-1284
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