The outlook for industrial investment returns remains positive despite a shifting capital markets landscape, according to a recent survey of industry insiders.
ULI and PwC's Emerging Trends survey echo this sentiment show respondents placing industrial/ distribution at the top of the list for investment prospects for four of the last five years — and experts at the firms say a slowdown in development could buoy rents at current historically-high levels for even longer, as structural demand remains solid.
In addition, a survey of industrial managers by MSCI Real Assets showed that in-place rents were 22 percent below spot market rents, and "this spread offers embedded net operating income growth for the foreseeable future," analysts from ULI and PwC say.
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