In this episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor delve into the changing landscape of the Puget Sound big box market, where the definition of 'big box' has shifted from 100,000 square feet deals 20 years ago to 300,000 square feet and above today. They explore how locations, sizes, and functionalities of buildings have evolved, highlighting modern trends like taller clear heights, increased trailer storage, and the rising importance of quality infrastructure. They also discuss current market trends, including ten existing buildings above 300,000 square feet, seven under construction, and a transition towards newer, more functional properties. Additionally, they anticipate the impact of robotics, electric trucks, and other technological advancements on future constructions.
00:00 Introduction to Future Construction Trends
00:35 Welcome to the Industrial Advisors Podcast
00:41 Defining the Big Box Market
01:29 Evolution of Big Box Locations and Sizes
02:05 Changes in Building Functionality
05:26 Current Market Analysis
10:49 Future Predictions and Challenges
13:24 Conclusion and Final Thoughts
You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
