Industrial Leaders Discuss Class B, Build to Suit and Spec Trends

MIAMI—When it comes to just about any commercial real estate class, institutional investors are looking for core product in core markets. But when it comes to industrial, the definition of markets is changing and the appetite for class B is growing. At the same time, build to suit and speculative industrial development is picking up in some markets, core or not. These were among the insights industrial real estate leaders discussed at RealShare Industrial in Miami on Thursday.

Walter Byrd, managing director of Transwestern, moderated, “Transactions Panel: Outlook for Investment and Leasing.” Panelists included Mike Davis, executive director of Capital Markets at Cushman & Wakefield, Erik Foster, principal of Capital Markets at Avison Young, Mitchell Katz, managing director of Newmark Grubb Knight Frank, Douglas Mandel, senior director of Marcus & Millichap, and Steve Medwin, managing director of Jones Lang LaSalle.