54 episodes

Supply chain nerds, warehouse gurus, distribution dudes, transportation titans, site selection geeks… No one knows the industrial real estate market better than Colliers International’s Matt McGregor and Bill Condon. Tune into their Industrial Advisors’ show to find out what you don’t know about the market behind the market.

Industrial Advisors - Audio Edition podcast@industrialadvisors.com (Industrial Advisors)

    • Business
    • 5.0 • 17 Ratings

Supply chain nerds, warehouse gurus, distribution dudes, transportation titans, site selection geeks… No one knows the industrial real estate market better than Colliers International’s Matt McGregor and Bill Condon. Tune into their Industrial Advisors’ show to find out what you don’t know about the market behind the market.

    Getting Back on Track with Your Resolutions For the New Year

    Getting Back on Track with Your Resolutions For the New Year

    Did you set New Year's resolutions? Feel like you're already failing barely a month later? Hosts Bill Condon and Matt McGregor discuss why most people fail with their New Year's resolutions. They also share their goals for the year and what they plan to do to follow through.
    Did you make New Year's resolutions for 2023? Are you sticking with them, or you've already slipped? About 38% of Americans set New Year's resolutions. 43% fail before February 1st, and only about 9% make it to successful completion. Matt and Bill discuss why most people struggle to commit to their New Year's resolutions. Bill reveals the two most common New Year's resolutions are losing weight at 13% and exercising more at 10%. Matt goes through the five things you need to do to get back on track if your resolutions are already failing. Matt and Bill reveal their goals for 2023. Bill shares a funny New Year's resolution story and why most people fail by the second week. Matt describes the things that make goals more achievable and ways to make your resolutions work for you instead of ditching them.  
     
    Mentioned in this episode:
    Industrial Advisors

    • 8 min
    What’s Happening in the US Capital Markets

    What’s Happening in the US Capital Markets

    How should you prepare for US inflation, growth, and capital markets in 2023? Find out as hosts Bill Condon and Matt McGregor sit down with Paul White to discuss trends in the US capital market and what to expect from the economy in 2023.
    Bill starts the conversation by describing how Paul is the perfect example of a client who became a friend. Bill and Paul agree that there is no better time to invest than when most buyers are hesitant. Although the last 12 months have been chaotic, Paul predicts 2023 will be much more positive than 2022. How did rising interest rates and the risk of a recession impact cap rates? What are the predictions for market movements in the first quarter of 2023? Bill explains why he feels the investing side of the market is going to be slow in 2023. Paul shares LaSalle's approach to investing and buying properties. Bill and Matt discuss how investors have slowly transitioned from preferring long-term to short-term property leases. Paul believes the desire for short-term leases is largely driven by rent growth. Why short-term leases might be great for you in 2023. The majority of the decline has already happened, which is why Paul feels 2023 will be a great year for commercial real estate. Why is it so hard to secure loans for incomplete buildings? Matt and Paul debate whether it makes sense to acquire vacant buildings still under construction. There is still the risk of a global recession and high inflation in 2023 - however, if things hold off in the next 12 months, Paul feels 2024 will be an excellent year for the capital markets.

     
    Mentioned in this episode:
    Industrial Advisors

    • 25 min
    Football Predictions for the 2023 Playoffs and Finals

    Football Predictions for the 2023 Playoffs and Finals

    Who will come out on top in this year's NFL and NCAA football season? In today's episode, hosts Bill Condon and Matt McGregor go a little off topic to discuss American Football. They share their predictions for the season, teams that will make the playoffs, and what you can expect from the Super Bowl.
    Bill and Matt start the conversation by revealing their love for college and national football. For college football, Bill predicts the semis will have Ohio State take on Georgia and TCU take on Michigan - with Georgia beating Michigan in the final. Matt agrees with Bill's semi-final predictions but feels Michigan has what it takes to win it. In the NFL, Bill is a big fan of the Seahawks, but their mediocrity this year is just frustrating to watch. Bill believes the 49ers and the Philadelphia Eagles will make the NFC finals, with Philly coming out on top. For the AFC, Bill feels you should only look out for these three teams: Bengals, Chiefs, and the Bills. Expect Buffalo to beat Philly in the Super Bowl. Matt explains why the best teams have two things that set them apart - talent and defense. Matt is convinced that no team in the NFL has more talent than San Francisco - which is why he feels the 49ers will face the Bills in the Super Bowl and beat them. Matt and Bill agree that Buffalo versus Kansas City could set up the dream Super Bowl final.  
     
    Mentioned in this episode:
    Industrial Advisors

    • 6 min
    Dramatic Subleasing Growth in the United States

    Dramatic Subleasing Growth in the United States

    What is the current state of the subleasing space and what should you expect going into 2023?
    Hosts Bill Condon and Matt McGregor share some intriguing stats on the subleasing space, how Amazon's subleasing move impacted the markets, and what to expect from the space in the future.
    What's going on in the subleasing space? Bill and Matt start the conversation by sharing some really interesting stats on the current and future state of the subleasing market. In the 4th quarter of 2021, there were 10.2 million feet advertised for subleasing in the US. That number has increased by 78% in 2022 with 45 million square feet available for sublease. Bill explains how the online shopping slowdown is forcing Amazon to sublease warehouses. With more subleasing space available countrywide, Bill and Matt try to uncover whether rent prices will change and the demand for warehouses will slow down in 2023. One of the major advantages of subleasing is that you're getting yesterday's rates. In a ten-year lease, for example, if you sublease five years into the contract, you'll be paying rates from 5 years ago. However, the biggest drawback of subleasing is the risk that you won't get a renewal option or you'll get hammered with renewal prices. Matt and Bill are convinced the increase in subleasing space won't affect rent prices in primary markets like New Jersey, where we're seeing very good leasing velocities. Bill feels the upward trend in the subleasing space will level off in 2023.  
     
    Mentioned in this episode:
    Industrial Advisors

    • 6 min
    Year In Review for 2022 (and Predictions for 2023)

    Year In Review for 2022 (and Predictions for 2023)

    How did the commercial real estate industry fair in 2022? Find out as hosts Bill Condon and Matt McGregor share the absorption of top markets, the state of the construction industry, what’s happening at the borders (including port activity) and the three dynamic factors impacting our market in 2023.
    What the net annual absorption rate is for 2022 and how it compares to 2021 - what an unbelievable year! What one of the best markets was (surprising as not a ton of land is left there) and why it’s surprising based on what has occurred there in the past years. How tenants will pay for a new product if it’s closer in, to be in the center of the valley. Which products and deals performed very well. What areas saw growth and what markets saw a dip. What areas had a 2x growth of what the normal absorption has been in the past. Bill and Matt compare the different markets. For example there was not a huge difference between the Kent and Sumner market. Who had a negative absorption and who has the biggest vacancy rate right now. Why we are heading into 2023 in a very tight market. We are in a very historic landlord market and continuing to drop. The state and growth of the construction industry (its absorption rate) and how much of it is pre-leased. The pre-leasing numbers are quite low and how it’s changed from Covid to a post-covid era. Matt and Bill predict whether plans will pause or if construction will continue. Are they building to specs still? What markets will continue with construction. Matt and Bill share predictions for port activity and what to watch for. What markets are increasing and which one’s are decreasing. What may happen close to the borders, in Mexico and even Canada. Mexico is key to our manufacturing future  
    Three Dynamic Factors Impacting our Market in 2023
    1 - Inflation resulting in raising interest rates has slowed sales activity and they share their  prediction on sales over the upcoming year.
    2 - Less available product will lead to a lower rate of absorption, but we’ll still have a very healthy year, even getting back to post pandemic numbers. Find out what rate they each predict!
    3 - 3% was the market annual increase and it’s changed to 4%. Matt and Bill disagree a bit on what the norm will be.
     
    Matt and BIll end sharing their opinion on what’s coming up in 2023, for pricing, land values, and market differences. 
     
     
    Mentioned in this episode:
    Industrial Advisors - https://www.industrialadvisors.com/

    • 20 min
    Opportunities in Industrial Real Estate: Trends for 2023 and Beyond

    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/

    • 13 min

Customer Reviews

5.0 out of 5
17 Ratings

17 Ratings

bobbybrussels ,

Highly informative and Engaging!

These guys know their stuff. Even more so, they are plugged in with the thought leaders in Industrial Real estate. This podcast is invaluable for anyone seeking to grow their knowledge base in the sector.

RH is terrible ,

Quality podcast

I found this podcast thoughtful, educational and wildly entertaining. Industrial Advisors offers clear conversational advice from two industry vets. 10/10 for anyone breaking into CRE or enjoys learning more about the industrial asset class.

Bskier1 ,

These guys are good!

Bill and Matt know their stuff and anyone in industrial real estate would benefit from their shared knowledge.

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