Opportunities in Industrial Real Estate: Trends for 2023 and Beyond

What should you expect from the industrial real estate markets in 2023? Hosts Bill Condon and Matt McGregor sit down with Jim Eckert from Owens Corning to discuss the current and future states of industrial real estate. They explore key trends that will shape the markets in 2023, the labor dilemma, and why finding the right properties is difficult post-pandemic. After the effects of the pandemic eased up, the industrial manufacturing space underwent a lot of changes - most of which led to rapid business growth. Although the pandemic was disastrous for the economy, Jim points out that industrial manufacturers still managed to thrive. Inflation, interest rates, and supply chain issues have made finding industrial properties tedious and expensive. Jim shares why he's a member of the Industrial Asset Management Council (IAMC), how long he's been a member, and why he keeps coming back. Industry events and conferences are the best places to network, learn, and grow as a professional. What should you expect going into 2023 now that things are slowly going back to normal? Smart business professionals prepare well in advance and never pull the trigger on anything without deep research. Like everybody else, Jim has also been hit by the labor crisis. He believes the best way to tackle this mess is to make the industry attractive to young professionals. Attracting good talent is hard; keeping that talent is even harder. But there's nothing as challenging as finding a manager capable of leading exceptional talent and making them successful.   Mentioned in this episode: Industrial Advisors - https://www.industrialadvisors.com/