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Industrial Isn't Just Finding the Real Estate Now

Labor considerations are “really driving location analysis, more so than ever,” says Pete Quinn, Colliers International's newly named director of industrial services.

By Paul Bubny | Updated on October 27, 2017

Photo of Pete Quinn “We try to look at the total landed costs versus looking just at the real estate,” says Quinn.

INDIANAPOLIS—Ask many industry participants what’s the key consideration in the industrial sector at present, and the phrase “e-commerce” may be the first response. The real story is a little more nuanced, in the view of Pete Quinn, whom Colliers International named as national director of industrial services earlier this month.

“The number one driver right now, what we’re hearing the most from our clients, is labor,” Quinn tells GlobeSt.com. “It’s really driving location analysis, more so than ever. So you’re seeing big boxes going into markets that they have not traditionally gone into, just for the labor.”

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