Sticky tenants and limited relocation options driving future NOI growth
Zoning, permitting, anti-industrial pushback limiting future supply
Facilities are rarely built on spec; demand is outpacing supply
Limited capital expenditures post-acquisition
Delivery models evolving to meet shorter consumer delivery windows
ISF’s rarely built speculatively
Diverse and expanding occupier pool
E-commerce generating fleets of delivery vehicles
Increased over-the-road trucking regulation
Infrastructure Bill and Green Energy push leading to building boom
More ISF’s needed to satisfy required stops, transfers, and storage across supply chain
Sector largely owner occupied, limited inventory growth
Rents outperform traditional warehouses
Long-term controlled (leased or owned) parking areas adjacent or proximate to distribution hubs
Dedicated parking required when trucks and/or trailers not in use
Equipment rental facilities, wholesale material sales, contractor laydown yards are a critical support network.