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Industrial Goes Global

As the supply chain branches out around the world, the need for modern facilities intensifies.

By John McCloud | Updated on September 18, 2006

John McCloud is a contributor to Real Estate Forum, from which this article was excerpted. McCloud is also the editor Industry Property Journal .

Explosive growth in the global supply chain is generating demand for new industrial space throughout the world. From factories in China to assembly plants in the American Southeast to modern distribution buildings just about everywhere, the pace of industrial development appears to be increasing exponentially.

“Companies around the world are focused on maximizing the efficiency of their supply chains, and they need modern, well-located distribution facilities to achieve that objective,” says Jeffrey Schwartz, CEO of Denver-based REIT ProLogis, one of the largest owners of industrial real estate in the world. “Globalization and free trade continue to fuel strong growth in our industry.” With the increasing demand for industrial footage comes a concomitant growth in investment opportunities around the world. As a result, more investors are expanding their acquisition strategies to include properties outside the borders of their home countries.

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