October 22, 2015
Earlier this week, more than 400 Colliers International brokers and clients, including developers, investors and logistics-industry leaders from across the globe, convened in Newport Beach for Colliers’ 2015 National Industrial Conference.
The mood was upbeat, with a host of positive reports from around the globe, coinciding with the release of Colliers’ global industrial summary. The summary, titled “From First Mile to Last Mile – Global Industrial & Logistics Trends”, focused on the evolution of global e-commerce.
Connect Media was invited to join this annual gathering so we could hear insights about the industrial sector, find out how Colliers industrial leaders are meeting industry challenges, as well as to better understand how technology is continuing to impact the market. It was encouraging to hear about the wide array of opportunities ahead for savvy developers, owners and investors in the industrial sector.
A few takeaways from the conference:
1. Dwight Hotchkiss, Colliers’ National Director of Industrial, told attendees he looks for 2016 to be a “banner year,” though cautioned that the “lack of infrastructure investment in the U.S.” is potentially troublesome.
2. Rick Putnam, Managing Director, West Region, for Colliers’ Institutional Investment Services Group, told us when we look back in the rearview mirror at today, it will likely be viewed as “a slow and steady climb up to the top.”
3. Brandon Birtcher, CEO of Goodman Birtcher, mentioned that these days he favors industrial properties, especially when compared to other property types.
4. Bret Hardy, a Colliers capital markets leader, noted that he expects “a slow, prolonged recovery” and “expansion in the industrial sector, especially for risk-protected assets.”
5. Tammy Tang, Colliers International’s Executive Director in China, noted that China is a “young market, only 10 years old,” with institutional capital only recently finding asset homes in core markets such as Beijing and Shanghai.