Q3 Real Estate Market Review: Insights and Predictions
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor discuss the state of the real estate market in Q3. They analyze current vacancy rates, comparing them to historical data from 2008-2010 and explore why the market feels different today despite similar vacancy numbers. Key themes include an increase in lease renewals, higher credit risks, and a notable number of bankruptcies among smaller Third-Party Logistics (3PL) providers. The hosts highlight the improvement in the South Seattle market, rising investment sales, and the ongoing challenges in the Kent Valley. They predict a recovery in Q4 driven by potential big deals and emphasize that the Puget Sound region remains one of the strongest markets nationally. Additionally, they touch upon the optimistic outlook for the local sports teams, with the Mariners entering the playoffs and the Seahawks performing well.
00:00 Market Resilience and Recovery
00:41 Introduction to the Podcast
00:46 Q3 Market Review
00:54 Comparing Past and Present Market Conditions
03:58 Current Market Themes
06:54 Vacancy Rates and Submarket Analysis
11:08 Investment Sales Overview
14:15 Closing & World Series Predictions
