Industrial’s strengths will extend its innings

Over the past two decades, the industrial sector has gone from benchwarmer to cleanup hitter. At this point in the year, and this late in the cycle, are commercial real estate investors still looking to send this asset class up to bat?

Blackstone Group’s recent $18.7 billion bet on 179 million square feet of logistics space is proof that industrial buildings—especially the big box structures that support the infrastructure of our e-commerce economy—should remain appealing for years to come.

“The wind still feels to be at the back and I would say that nationally, there’s not a bad market,” said Cliff Booth, principal, founder and CEO, Westmount Realty Capital. “Certainly some markets are a little bit stronger, but e-commerce is occurring in big towns and small towns.”

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