As the housing market, mining market, and distribution markets continue to grow, outdoor storage is increasingly becoming a sought after asset class. The demand from materials suppliers for the housing market, fleet storage, heavy machinery, and mining parts and materials is fueling this new asset class. An industrial building with a fenced yard in this market is a real gem.
As we've seen in other markets such as Phoenix, Dallas, Denver, LA, and others, well located industrial land has increased from $5 per foot to $20 per foot and even higher. Why? Last mile is ALL about location and proximity to the consumer. Land is finite and the increased demand from distributors, marijuana users, mining companies, and materials suppliers is squeezing the supply of industrial yards.
In the future we will see fenced yards be developed into last mile distribution hubs. There is only so much real estate next to highways, so as distribution continues to grow, these sites will appreciate greatly.
Pros of Industrial/Outdoor storage property
-Potential for strong appreciation in well located areas near highways and major arterial roadways
-Minimal need for capital investment
-Strong demand from tenants
For more information about Industrial yard contact Max Fisher 520-465-9989 firstname.lastname@example.org
Max Fisher, Industrial Properties Broker