“Due to rising occupancy costs as a percentage of revenue, we anticipate that users will continue to become wiser in how they utilize space.” That is according to Pat Ward, founder of MetroGroup Realty Finance. In celebration of GlobeSt.com's 15th anniversary, Ward tells GlobeSt.com that in 15 years from now, we should also expect to see increased innovation in handling of goods in industrial buildings.
Large deep water port markets, he adds, will continue to thrive.
According to Ron Washle, senior managing director of Newmark Grubb Knight Frank, building clear heights will get higher as land prices continue to rise. “Developers will also need to build buildings to accommodate the end users' desire for higher efficiency,” he says. “For example – larger truck courts to accommodate the need for trailer storage.”
He adds that due to the fact that land supply is constrained in the Inland Empire, CA's west end (Ontario area), “users will continue to move further east to areas like Moreno Valley, Perris, San Bernardino, Redlands, Beaumont, and the High Desert region to find available land to build these facilities.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
