Tray Anderson
CHICAGO—Retail-to-industrial conversion projects are rare: A data point by Cushman & Wakefield shows that they make up less than one-tenth of one percent (0.073%) of the total industrial inventory.
One reason many of these projects fail to gain traction is they cannot overcome the hurdle of gaining buy-in from the local community. "A community will likely want to keep the retail presence. It will have a hard time believing that the retail presence cannot come back or recover," Tray Anderson, C&W's logistics and industrial lead for the Americas, tells GlobeSt.com.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
