NEW YORK CITY-If multifamily and industrial got into a fight, who would win? Sure, apartments have been the go-to investment since it seems the beginning of time. But industrial stands the best bet of all sectors of toppling that record.
Or, at least, so says a recent poll of lenders, mortgage bankers and institutional investors conducted by Integra Realty Resources and presented on Wednesday at the firm's Viewpoints briefing.
The choice of industrial, or specifically warehouse distribution, as the prime contender is no surprise, says Raymond T. Cirz, IRR's chairman and managing director, especially since retail scored a 26.8% vote. “Retail demand goes up, and so does warehouse demand,” he tells GlobeSt.com. CBD office ranked third at 23.7%; office/warehouse pulled in 13.4% of the vote and suburban office barely moved the needle at 1%.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
