There will be fewer but larger distribution centers as the consolidation wave takes hold among warehouse communities, as it has in other industries. "We will see more third-party logistics companies running logistics chains," Livingston says.

Larger warehouses will become wired for broadband while smaller, more efficient redistribution centers will surface over the next five years, the broker says.

In the office segment of industrial product, "value office space will be in demand," Livingston says. "Broadbend access and location will be the keys." For the same reason, "we will also see more flex," he says.

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