What development hurdles, faster delivery times mean for industrial outdoor storage

Tenant demand for industrial outdoor storage (IOS) has surged as supply chain disruptions and evolving consumer expectations have directed firms to key-in on last-mile distribution, according to a special report by Marcus & Millichap.

A combination of strict zoning requirements, unfavorable building-to-land coverage ratios, and municipal development restrictions has confined many developers to traditional industrial properties, suppressing additional supply. Limited development has helped keep vacancy consistently under that of the industrial sector at large, encouraging more rapid rent growth for active facilities.

To read the full report, click here.