To answer this question, a panel of experts convened at the Every Building Conference & Expo's inaugural Industrial Day. The show is produced by BUILDINGS and BOMA International.
Industrial properties are conservative investments, the panel says, because this sector is generally:
- Less capital-intensive
- Less subjected to economic fluctuation
- Involves less tenant improvement allowance
- Better overall returns
However, managing industrial property isn’t without its challenges. Staying ahead of technology is paramount, notes panelist Jim Clemo of Duke Realty. In an industrial setting, this means ensuring smooth floors for robots and uninterrupted Wi-Fi throughout the facility.
Industrial Day at the Every Building Expo introduced BOMA’s new industrial committee, formed to meet the needs of members who count industrial properties as part of their portfolios. The kickoff heralds coming educational opportunities for industrial property managers and industrial inclusion in BOMA’s Experience Exchange Report.