Publications

Multi-use logistics primed for big growth
Real Estate - FEBRUARY 25, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Multi-use logistics primed for big growth

by Andrea Zander

Industrial commercial real estate assets traded to the tune of nearly $96 billion in the United States in 2020, the second-best year on record, and the outlook for 2021 already looks bright. With increased competition among investors for industrial product, JLL Capital Markets has found one subclass that is gaining big interest — multi-use logistics, which are typically older multi-tenant assets with solid footprints within infill urban logistics markets that boast compelling rent growth profiles.      

“The long-term outlook for multi-use logistics is strong, with clear industry momentum from ‘fabric of society’ tenants and growing investor demand for this subclass,” said John Huguenard, senior managing director and co-head of JLL’s industrial capital markets group. “With new yield-focused investors entering into the industrial space, small bay product is desirable as an alternative to the ever-tightening bulk industrial market.”

Forgot your username or password?