Preparing Your Spec Buildings for the Future

The future is coming and so are electric vehicles! What do some of the moves made by the likes of Amazon and UPS mean for the future of the industrial real estate space? Co-hosts Bill Condon and Matt McGregor discuss why preparing industrial buildings for the future matters, the type of developers this makes the most sense for, and how to prepare industrial spec buildings for the future. Matt discusses the fact that many people in the industrial real estate market are not preparing their spec industrial buildings for the future. Other sectors seem to have been embracing, and have been preparing for, the future – like in the case of electric vehicles; Amazon just committed to buy 100 million electric delivery vans, and UPS just announced the upcoming installation of charging stations for their fleet. Matt and Bill go over a surprising fact about spec buildings and the coming electric change. Bill believes that the developers who are going to be ahead of the changing situation are going to reap the benefits. Matt talks about what may be the first spec building in the U.S. that may have the necessary infrastructure to be prepared for the future. There are two types of developers: those holding a building short-term and those holding it long-term. Bill talks about which of the two should really consider getting their spec buildings ready for the future.     Mentioned in this episode:  IndustrialAdvisors.com KG Development - kgdevgroup.com