Based on data from Transwestern's latest national industrial report, the top 25 industrial markets experienced nearly 200 million sq. ft. of net absorption in the past 12 months.
In a Q&A with NREI, CPPIB's managing director for Americas real estate investments, discusses the pension plan's newly formed joint venture to invest in U.S. industrial assets.
According to Blaine Kelley, senior vice president of the global supply chain practice with CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.