Marcus & Millichap Releases Special Report on Industrial Outdoor Storage Properties
CALABASAS, Calif., July 18, 2023--(BUSINESS WIRE)--Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has published a special report on Industrial Outdoor Storage (IOS) properties.
"As growing e-commerce underscores the need for this historically lesser-known segment of the industrial sector, IOS properties have emerged as some of the most prominent niche commercial real estate investments in the marketplace today," said Alan Pontius, senior vice president and national director of Marcus & Millichap’s Office and Industrial divisions. "Because IOS supply is limited, a level of durability that is highly favorable for investors exists and as IOS lots serve a mission-critical support role in last-mile distribution, the asset class has now come to the attention of investors on a broad scale."
The report states that while no two IOS properties are the same, all feature outdoor storage as the primary demand driver, housing everything from cargo containers to delivery vehicles, and the machinery needed to service those vehicles. IOS lots serve a mission-critical support role in last-mile distribution, and the asset class has now come to the attention of investors on a broad scale. Well-located properties, especially near infill areas or trans-shipping hubs, are extremely scarce and development is challenging. As such, the IOS sector boasts one of the lowest vacancy rates of any commercial property type, with property metrics improving in recent years. While IOS assets are not immune to the impact of higher borrowing costs on transactions, the supply/demand fundamentals have investors continuing to show a broadening interest in this space. The complete report is available here.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
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Contacts
Gina Relva, VP of Public Relations
Gina.Relva@marcusmillichap.com
510-999-1284
