LA Times features Northmarq’s Ryan Butler on the growth of industrial outdoor storage
Regional Managing Director Ryan Butler shares insights on demand drivers and pricing trends shaping the industrial outdoor storage market.
The Los Angeles Times recently explored the rapid rise of industrial outdoor storage, or IOS, as one of the fastest growing segments of industrial real estate, particularly in Southern California. These sites are used to store equipment, vehicles, and materials and have become increasingly valuable due to limited land availability, port driven logistics demand, and stricter development rules. Northmarq’s Ryan Butler adds perspective on why IOS demand and rents remain strong, noting that many properties were historically underpriced and are now being reset to market as investors recognize the asset class’s long term value.
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.