This presentation took place on October 29, 2020. A replay of the presentation is available here.
Womble Bond Dickinson economic development attorney Stephanie Few discussed Industrial/Warehousing/R&D Issues at the Urban Land Institute (ULI) Carolinas Trends in Real Estate meeting. This regional Trends program featured an overview of the national findings from ULI’s Emerging Trends in Real Estate report followed by panelists from across North and South Carolina discussing market trends in the region.
Few and the Industrial/Warehouse/R&D panel addressed such timely questions as:
- The Triangle market has always been a stable R&D hub. Do you anticipate the recent spike in lab demand in the Triangle being a long-term trend or a short-term function of COVID-19?
- Is last mile still the primary focus for industrial users?
- With research a driving business in the Triangle, what kind of lab spaces are being sought after?
- What are some trends you are seeing in user size? Are Carolinas markets starting to cater to larger users? If so, are there any building features that are changing to accommodate larger users?
- There has been significant speculative industrial construction throughout the Carolinas. Do you have any concerns about oversupply? And,
- There is a lot of talk of third-party logistics companies taking over department store locations as they look to locate as close to rooftops and end users as possible. Has this trend occurred in any Carolinas market yet? If not, do you foresee it as something likely to happen?
- Stephanie Few, Partner, Womble Bond Dickinson (US) LLP
- Jessica Brock, Longfellow
- Alan Lewis, The Keith Corporation