Last month, New York Governor Andrew Cuomo announced a $13 billion plan to upgrade Kennedy Airport. The borough's EDC head says that will not only affect the airport but areas around it, including increasing activity for distribution warehouses.

E-commerce distribution ideally is close to dense urban areas where there is a demand for products and also close to the workforce employed at the warehouse. In some rural areas, there is plenty of space. But distribution centers need workers. This again increases the appeal of the boroughs.

Bornstein notes Queens is fragmented. There are pockets of activity in Long Island City, Flushing and Jamaica, which are considered the borough's three downtowns. “They each have functions of industrial sectors, plus Glendale and the area around Newtown Creek where the Pulaski Bridge is, that's a big industrial area. That's probably the most traditional, industrial warehouse distribution area left in Queens, that pocket near Pulaski Bridge,” he says.

He emphasizes Glendale's potential. “It's a central location in the region, with the BQE access going south to Brooklyn, Lower Manhattan, and there's the Verrazzano. You're also close to Kennedy for cargo,” he says. “And it's not going to change to residential. And it's not going to become artists' loft space. That's a long time coming.”

In addition to insider pointers like these—Bornstein will share his views on some of the challenges for industrial investors in urban logistics. With first-hand experience in not only observing but also shaping Queens dynamic growth, he'll share information about pricing, negotiations and what cities and communities are looking for with last mile facilities. Bornstein will be joined by Zach McHugh, SVP of Sitex Group and Josh Weingarten, director of capital markets at Triangle Equities at the 2018 RealShare New York panel on this latest investment trend. To register and attend the conference, including an evening networking cocktail reception click on REALSHARE NEW YORK.