BISNOW, Patrick Sisson (March 20,2023)
Investors today are finding it difficult to resist the siren song of industrial outdoor storage, that alluring array of fenced-in parking lots for trucks.
IOS has rapidly become one of commercial real estate’s hottest asset classes as a flood of new money has sent prices sky-high.
“You create a buzzword, make it sound sexy and interesting, and everybody wants to have it,” Blau & Berg Senior Executive Director Michael F. Schipper said.
But investors looking to enter the space may crash on the rocks of an industry that is trickier — and less like the rest of the industrial market — than first meets the eye, and the talent pool of people with expertise in navigating the hazards is limited.