For all sites, there is a need to understand the life story of the land and the buildings and calculate any expenses associated with that. So says Holly Neber, CEO of AEI Consultants, who recently chatted with GlobeSt.com about adaptive reuse, issues with Opportunity Zones, what developers should know when approaching them, as well as repurposing industrial space and more.
GlobeSt.com: What trends are you seeing when it comes to the repositioning and repurposing of older properties? Do you anticipate any changes next year, as competition continues to increase?
Holly Neber: We are observing a high amount of repurposing activity in the industrial space, as developers seek opportunities to reposition older industrial sites where demographics create demand for new uses, such as data centers or last-mile distribution.
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