Destino Industrial
  • Home
  • Properties
  • Services
  • Client's Advantage
  • Industrial Market Insight
  • About
    • Testimonials
    • About Lee & Associates
    • About Our Team
    • Contact Us
  • Home
  • Properties
  • Services
  • Client's Advantage
  • Industrial Market Insight
  • About
    • Testimonials
    • About Lee & Associates
    • About Our Team
    • Contact Us

Covid-19 and Industrial Real Estate Values, Moving Forward

4/27/2020

 
Picture
​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.

Picture
Locally, the Southern California population continues to create an atmosphere for a strong consumer base demanding essential goods and services.  While retail and apparel related sectors have taken sizable hits, industries such as construction, manufacturing, and food distribution have remained robust through this daily changing landscape.  It is important to note that since there will be some economic fallout as a result of the Corona Virus, well positioned and prepared investors may be able to find opportunities where sellers ‘need to sell now’ in a slightly softer real estate market.  It is important to be prepared to take advantage of those opportunities.  Give me a call to discuss how to best be prepared and to determine what size deal we should be targeting for you.
 
In regard to the landlord/tenant rent relief discussion, while most industrial landlords are currently looking for tenants to explore financial or rent relief through their insurance providers or the CARES Act government relief program, some are being creative in their willingness to work with tenants.  The CARES Act is rolling out and making funds available, but insurance companies have been reluctant to pay Business Interruption Insurance claims, thus creating a liquidity problem for many business occupants in April, now looking at May's obligations starting to mount.  Certainly, more will come out on these three major topics, and I will relay important updates to you.  Call me anytime to ask questions or provide your opinion. I’ll welcome the opportunity to talk with you. 
​


Comments are closed.

    Author

    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.

    Contact  Christopher 
    Today!!

    Picture

    Additional Market Articles and Reports 
    (click here for archive)
    Picture


    ​Industrial Insight Archives Below

    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    June 2022
    April 2022
    March 2022
    February 2022
    December 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    November 2019
    October 2019
    August 2019
    July 2019
    June 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    June 2018
    April 2018
    March 2018
    February 2018
    December 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    September 2015
    June 2015
    May 2015
    March 2015
    January 2015
    October 2014
    July 2014
    March 2014
    December 2013
    October 2013
    August 2013
    April 2013
    September 2012

    Categories

    All
    Merry Christmas
    Sublease

“Working with a Professional  
​
Achieves Professional Results”
Picture
Lee & Associates
Commercial Real Estate Services

1004 W. Taft Avenue, Suite 150 
Orange, CA 92865
​LeeOrange.com
Corporate ID #01011260 

Picture
Christopher J. Destino, SIOR
Principal
714.564.7181
cdestino@lee-associates.com
​Destino Industrial Team
DRE #01447060

Picture
Picture
Picture