As we approach the end of 2025, the industrial real estate sector is at a pivotal juncture. After the extraordinary expansion years of the pandemic and early recovery, investors, developers and tenants alike are recalibrating. While the full-blown boom may be behind us, fundamentals remain resilient — and in many ways, the sector’s next chapter is quietly beginning.
We are seeing three interlocking themes shaping that next chapter: the shifting demand dynamic, changes in what tenants need and want and the increasingly important role of what we term the “lifetime landlord.” All three themes will impact institutional investment in the industrial sector.
Shifting demand
Over the last few years, the early lockdown-driven surge in ecommerce, suppl
