I hope this note finds you well, healthy and safe with your family. I understand these are hard times and my sympathies are with those who have been adversely affected by this Corona Virus and subsequent economic fall-out. I hope you and your loved ones are safe and sound.
On the real estate “big picture,” industrial property is still well positioned compared to other asset classes. The demand for higher stockpiles of essential goods and medical equipment coupled with the probability of a manufacturing renaissance bringing production of those goods to USA manufacturers further helps the long-term outlook for industrial property. This will help protect the higher values industrial property has achieved over the last several years.
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.