2025 Trends: West Coast Industrial Real Estate Insights

In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Mike Kendall, the investment team leader for Collier's industrial sector on the West Coast. They discuss recent acquisitions, market trends, and investment strategies for industrial real estate throughout 2024. Key topics include a year-in-review of 2023 versus 2024, the impact of falling rents and weakening leasing fundamentals, and specific market performances in Seattle, Las Vegas, Portland, and Phoenix. The conversation also covers investment opportunities, with advice on navigating vacancy risks, short-term leases, and strategic land purchases. Mike shares insights on the investor climate, the importance of basics like location and functionality, and the potential benefits of patient capital. 00:00 Introduction and Welcome 01:23 Market Overview: 2024 in Review 03:04 Seattle Market Insights 03:35 Leasing Fundamentals and Market Trends 06:42 Investment Opportunities and Strategies 10:47 Core Markets and Long-Term Leases 18:24 Advising Clients in a Volatile Market 20:15 Conclusion and Contact Information   Michael Kendall Vice Chair  Industrial Capital Markets U.S. Capital Markets Board of Advisors, Industrial Lead COLLIERS 949-677-5812   You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com