POWERS

#371 - Jack Fraker - President, Global Head of Industrial & Logistics @ Newmark - Macro Overview of Industrial Real Estate

16 snips
Nov 19, 2024
Jack Fraker, President and Global Head of Industrial & Logistics at Newmark, shares his extensive experience in industrial real estate. He discusses the current global landscape and trends in development, leasing, and sales. The conversation highlights how rising interest rates impact U.S. industrial markets and the increasing demand for warehouse space driven by e-commerce. Fraker also explores the future of industrial real estate in Texas and Mexico, along with challenges faced during tenant relocations due to local opposition.
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INSIGHT

Industrial's Global Rise

  • Industrial real estate, known as logistics globally, has become a favored asset class.
  • This is due to the potential for large portfolio deals and the sector's resilience, amplified by the rise of e-commerce.
INSIGHT

Foreign Investment in US Industrial

  • Foreign investors are increasingly looking at U.S. industrial real estate.
  • They are driven by the desire for stable investments and aligning real estate with their companies' locations.
INSIGHT

Market Recovery and Growth

  • Interest rate hikes slowed industrial real estate transactions, but the market is recovering.
  • Decreased speculative construction and steady demand are expected to drive rental rate growth.
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