Three Challenges to Industrial Real Estate Conversions
The industrial real estate crunch shows no signs of relief any time soon, with some experts now saying we can expect low availability through 2023. With industrial demand soaring and rents still climbing, industry stakeholders have explored numerous ways to create new industrial inventory. One way involves converting underutilized commercial real estate properties from other verticals for industrial use. With no shortage of unused office or retail space on the market, desperate industrial tenants may wonder why those properties can’t be used as warehouses or ... Read More