Industrial Advisors
Supply chain nerds, warehouse gurus, distribution dudes, transportation titans, site selection geeks… No one knows the industrial real estate market better than Colliers International’s Matt McGregor and Bill Condon. Tune into their Industrial Advisors’ show to find out what you don’t know about the market behind the market.
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Site Selection Secrets Every CRE Professional Should Know
11/21/2025
Site Selection Secrets Every CRE Professional Should Know
Navigating Site Selection: Insights and Expertise with Courtney Dunbar at IAMC In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor speak with Courtney Dunbar, the Director of Site Selection at Burns and McDonnell. Courtney shares her career journey starting from the Nebraska Department of Economic Development to her current position. She explains the intricacies and considerations involved in the site selection process, including logistics, workforce, tax incentives, and environmental factors. The discussion also touches on trends in manufacturing and the importance of pre-capital planning to ensure successful site selection. Courtney emphasizes the need for early and thorough planning to avoid common pitfalls and make informed decisions in the industrial development space. 00:00 Introduction and Career Beginnings 00:44 Podcast Welcome and Marathon Talk 01:15 Exploring Site Selection 03:36 Manufacturing and Distribution Insights 05:19 Trends and Challenges in Site Selection 06:33 Pre-Capital Planning Importance 07:26 Energy Demand and Project Concerns 12:07 Final Thoughts and Farewell
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Navigating the New Industrial Landscape: Power, Labor, and Location Strategy
11/14/2025
Navigating the New Industrial Landscape: Power, Labor, and Location Strategy
Navigating Corporate America to Commercial Real Estate: Mark Paschal's Journey In this episode of the Industrial Advisors podcast, hosts Bill Condon and Kyle Back sit down with Mark Paschal, the Senior Vice President of National Build-to-Suit at SunCap Property Group. Mark shares his unique career path starting from his days as a football player at UNC, through his diverse experiences in corporate America, and his eventual shift into the real estate sector. He elaborates on the importance of relationship-building, the impact of technology in real estate, and how SunCap differentiates itself in the competitive build-to-suit market. Paschal also discusses market trends, the challenges of power and labor, and his optimistic outlook for the future of industrial real estate. The conversation provides insightful takeaways on the dynamic landscape of corporate real estate development. 00:00 Introduction and Guest Background 01:32 Career Journey and Early Challenges 03:36 Joining SunCap Property Group 05:48 SunCap's Relationship with FedEx Ground 06:48 Client Relationships and Business Strategy 13:23 Market Trends and Future Outlook 19:14 Closing Thoughts and Final Questions
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Why Endurance Athletes Thrive in Sales
11/07/2025
Why Endurance Athletes Thrive in Sales
Embracing Mental Toughness and Endurance In this episode of the Industrial Advisors podcast, recorded live at IMC in Indianapolis, Matt and Bill discuss the remarkable achievements of endurance athletes, focusing on keynote speaker 'Iron Cowboy,' who completed 101 consecutive full Ironman triathlons. They explore the mindset required for such feats, emphasizing the importance of mental toughness and a positive outlook. The episode also examines how endurance activities correlate with the competitive nature of brokerage. The hosts reflect on personal experiences with marathons and triathlons, highlighting the human capacity to push beyond perceived limits. 00:00 Introduction to Achieving Greatness 00:28 Welcome to the Industrial Advisors Podcast 00:30 Endurance Athletes and the Iron Cowboy 01:42 Criticism and Resilience 02:54 Personal Endurance Stories 04:51 The Power of the Human Mind 05:22 Focus on What You Can Control 05:44 Conclusion and Motivation
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Inside the Industrial Engine: Trends Driving U.S. Logistics and Manufacturing
10/31/2025
Inside the Industrial Engine: Trends Driving U.S. Logistics and Manufacturing
Supply Chain Disruption & Leadership Insights with Stephanie Rodriguez In this episode of the Industrial Advisors podcast, Bill and Matt are live from IAMC in Indianapolis with guest Stephanie Rodriguez, the National Director of Industrial Services at Colliers. They discuss the impact of economic and supply chain disruptions, Stephanie's multifaceted role at Colliers, her journey overcoming initial skepticism during hiring, and the importance of balancing corporate strategy with broker needs. Stephanie shares her favorite aspects of her job, the challenges of managing multiple brokers, and her insights on market growth and client concerns. The episode also touches on her passion for fitness and outdoor activities, as well as the compelling IAMC keynote speech by the Iron Cowboy, emphasizing the power of mental resilience. 00:00 Introduction and Economic Concerns 00:30 Welcome to the Industrial Advisors Podcast 00:37 Introducing Stephanie Rodriguez 01:06 Stephanie's Roles and Responsibilities 03:16 Managing Complaints and Broker Interactions 05:45 Recruitment and Growth at Colliers 07:44 Supply Chain Disruptions and Economic Impact 08:58 Industrial Growth and Power Concerns 10:53 Personal Insights and Hobbies 12:56 Inspirational Keynote Takeaways 14:38 Conclusion and Farewell
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Traits of a Successful Broker
10/24/2025
Traits of a Successful Broker
Mastering Traits of a Successful Broker: Insights from Industrial Advisors In this episode of the Industrial Advisors podcast, hosts Matt and Kyle discuss the essential traits that make a successful broker in the industry. They identify five key attributes: work ethic, analytical ability, networking, salesmanship, and creativity. They emphasize the importance of mastering at least two of these traits to make money, three to become elite, and four to achieve significant success. They also highlight the value of discipline, competitive drive, authenticity, and passion in the field. The conversation provides valuable insights for brokers looking to excel in the industry. 00:00 Introduction to the Five Key Traits 00:48 Deep Dive into the Five Traits 01:56 The Importance of Discipline and Competitive Nature 03:00 Winning and Authenticity in Brokerage 03:52 Passion and Final Thoughts
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Engineering the Northwest: Inside Industrial Development
10/17/2025
Engineering the Northwest: Inside Industrial Development
Challenges and Triumphs in Industrial Development with Dan Balmelli In this episode of the Industrial Advisors podcast, hosts Bill Conant and Matt McGregor welcome Dan Balmelli, a principal engineer at Barghausen Consulting Engineers. With over 40 years of experience, Dan shares insights into the complexities of industrial development in Washington State, discussing difficulties related to environmental regulations, land scarcity, and community pushback. He highlights notable projects, including the Sumner Ridge and BNSF sites, and emphasizes the importance of problem-solving and client relationships in achieving market dominance. The episode also covers upcoming policy changes that may impact future developments. 00:00 Introduction and Guest Welcome 01:12 Dan Balmelli's Background and Firm Overview 02:25 Challenges in Industrial Development 04:37 Market Share and Success Factors 07:46 Policy and Regulatory Changes 11:45 Challenging Projects and Case Studies 15:05 Smooth Projects and Final Thoughts 16:12 Conclusion and Farewell
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The History of the Industrial Advisors Podcast
10/10/2025
The History of the Industrial Advisors Podcast
The Evolution of Our Industrial Advisors Podcast: A 10-Year Journey In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor reflect on the origins and development of their podcast over the past decade. They discuss the early days when podcasting was cutting-edge, their unique approach to sharing real estate market statistics, and the gradual evolution from a quarterly to a weekly format in response to listener demand. The story highlights the podcast's journey from using a professional podcast studio to creating their in-house studio post-COVID. Tune in to hear about their experiences, challenges, and future plans. 00:00 The Early Days of Podcasting 00:38 Introducing the Industrial Advisors Podcast 00:56 The Evolution of Our Podcast 02:03 From Studio Rentals to In-House Production 03:00 Expanding Content and Increasing Frequency 03:56 Adapting to Change and Future Outlook 04:35 Thank You to Our Listeners
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Q3 Results
10/03/2025
Q3 Results
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
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Top Think Tank Strategies for Matt and Bill's Success
09/26/2025
Top Think Tank Strategies for Matt and Bill's Success
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor discuss the importance of having a think tank—a dedicated time and space for clear and strategic thinking. They share their personal methods such as Bill's daily morning runs and Matt's sauna sessions, cold plunges, and conferences. Both hosts agree on the benefits of using times like plane rides and vacations to unplug and brainstorm new ideas. They emphasize the importance of stepping away from daily routines to gain clarity and develop strategies, offering insights into their unique routines and experiences. 00:00 Introduction and Morning Routine 00:30 Welcome to the Podcast 00:35 Think Tank: Generating Ideas 00:51 Personal Strategies for Clarity 01:21 Conferences and Travel Insights 01:48 Running and Unexpected Encounters 02:57 Final Thoughts and Vacation Clarity 03:27 Conclusion and Happy Friday
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Popcorn Stand to Powerhouse: Secrets from CRE Legends
09/19/2025
Popcorn Stand to Powerhouse: Secrets from CRE Legends
Industry Titans Discuss Success Strategies and The Evolution of Commercial Real Estate In this episode of Industrial Advisors, hosts Matt McGregor and Bill Condon welcome renowned guests Rod Santomassimo from the Massimo Group and Bob Knakal, celebrated as one of the top brokers globally. They delve into their new book 'Selling Buildings,' which merges memoirs and tactical guidance for real estate professionals. The discussion emphasizes the importance of conviction, passion, and discipline in real estate success, along with the potential impact of AI on the industry. Both guests share their future aspirations, with Knakal focusing on mentorship and company growth, while Santomassimo prepares for a groundbreaking virtual summit in commercial real estate. 00:00 Introduction and Achievements 00:34 Meet the Guests: Rod Santomassimo and Bob Knakal 01:29 The Story Behind 'Selling Buildings' 03:46 Luck vs. Discipline in Brokerage 06:03 Balancing Passion and Discipline 11:26 Advice for Brokers: Conviction and Expertise 17:10 The Role of Technology in CRE 18:58 What's Next for Rod and Bob? 22:11 Closing Remarks and Book Promotion
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Our Most Memorable Real Estate Deals
09/12/2025
Our Most Memorable Real Estate Deals
In this Five Minute Friday episode, Bill Condon and Matt McGregor discuss their most memorable deals in their brokerage careers. Bill recounts a high-stakes sale involving 500,000 feet of warehouse space for storing high-end toys, which faced a last-minute hurdle with the fire department. Matt shares his experience from his first year in the business, involving a significant build-to-suit project for Pacific Crest Cabinets. Both highlight the importance of forming lasting relationships with clients beyond the deals themselves. 00:00 Introduction and Impressive Sales Achievement 00:42 Welcome to Five Minute Friday 00:55 Bill's Most Memorable Deal 03:10 Matt's Most Memorable Deal 05:23 Conclusion and Reflections
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Top Industrial Real Estate Trends for 2025 and Beyond
09/05/2025
Top Industrial Real Estate Trends for 2025 and Beyond
In this episode of the Industrial Advisors podcast, Bill Condon and Matt McGregor are joined by Justin Carlucci, partner at Bridge Industrial. Justin shares insights from his impressive career in industrial development, discussing major projects across Washington State, current market trends, and the unique challenges facing developers today. The conversation covers everything from site selection and project highlights to regulatory hurdles and the future outlook for industrial real estate in the region. 00:00 Introduction and Welcome 00:34 Guest Introduction: Justin Carlucci of Bridge Industrial 01:00 Early Career Stories and Memorable Deals 02:41 Current Projects and Market Overview 04:20 Unique Aspects of Recent Developments 07:00 Site Selection and Acquisition Strategy 09:00 Ideal Building Sizes and Market Demand 11:00 Challenges in Development: Financing and Regulation 14:00 The Impact of New Energy Codes 16:00 Market Outlook for 2026-2027 18:00 Favorite Projects and Lessons Learned 22:00 Closing Thoughts and Reflections
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Do Brokers Really Need to Golf? The Truth Revealed!
08/22/2025
Do Brokers Really Need to Golf? The Truth Revealed!
In this episode of the Industrial Advisors podcast, Bill Condon and Matt McGregor discuss whether playing golf is essential for success in the brokerage business. They share personal anecdotes about their limited golfing experience and argue that while golf can be a useful tool for building relationships, it is not necessary for closing deals. They caution against over-relying on golf, stating that some brokers might use it as an excuse for not being productive. The episode emphasizes that relationship-building is key, with golf being just one of many possible avenues. 00:00 Introduction: Business on the Golf Course 00:28 Welcome to Industrial Advisors Podcast 00:33 Is Golf Important for Brokers? 00:55 Personal Golf Stories 02:13 The Role of Golf in Building Relationships 03:34 Conclusion and Final Thoughts
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Is 2025 the Best Time to Buy Industrial Real Estate?
08/15/2025
Is 2025 the Best Time to Buy Industrial Real Estate?
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Mike Kendall, who heads the Industrial West Coast investment team. The discussion centers around the state of the industrial real estate market in the first half of 2025, highlighting trends, regional variations, and investment strategies. Key insights include the observation that the risk pendulum is currently skewed, making it a potentially good time to buy for strategic investors. Market activity, influenced by factors like tariffs and tenant demand, shows varying strengths across regions like Phoenix, the Inland Empire, and Seattle. The conversation also covers cap rates, aggressive buyers, and the challenges developers face in raising equity for speculative projects. The episode concludes with predictions for the second half of 2025, suggesting a modest uptick in transaction volume driven by certain types of deals, with a more significant increase expected in early 2026. 00:00 Introduction to the Risk Pendulum 00:37 Welcome and Guest Introduction 01:07 Market Activity and Trends in 2025 02:02 Investment Strategies and Deal Dynamics 03:54 Challenges in Land Sales and Equity Raises 05:45 Regional Market Analysis 08:27 Demand Shifts and Investment Profiles 11:10 Aggressive Buyers and Market Predictions 14:31 Cap Rates and Market Performance 16:16 Conclusion and Farewell
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Should You Start Brokerage Right Out of College?
08/08/2025
Should You Start Brokerage Right Out of College?
In this episode of the Industrial Advisors podcast, hosts Bill Conde and Matt McGregor discuss the pros and cons of entering the brokerage industry straight out of college versus transitioning from another career. With their own children graduating soon, they reflect on their different paths to success in the field. Bill and Matt agree that there's no right or wrong way to enter the industry, emphasizing that both fresh graduates and career changers can succeed with the right mindset and determination. They stress the importance of having realistic expectations, a willingness to learn, and the endurance to overcome initial challenges. The episode concludes with congratulations to new graduates and encouragement to those considering a career in commercial real estate. 00:00 Introduction to the Podcast 00:47 Hosts' Personal Connections to the Topic 01:16 Pros and Cons of Entering Brokerage Right Out of College 01:57 Challenges for Young Brokers 02:41 Advantages of Starting Young 04:08 Building Relationships in the Industry 05:25 Final Thoughts and Congratulations to Graduates You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com Should You Start Brokerage Right Out of College?
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Reindustrialization: A Game-Changer for the Next Decade
08/01/2025
Reindustrialization: A Game-Changer for the Next Decade
In this episode of the Industrial Advisors podcast, recorded live at IAMC in Sacramento, Matt McGregor and Bill Condon welcome Didi Caldwell, CEO of Global Location Strategies. Didi discusses the ongoing reindustrialization trend and the evolving process of site selection, highlighting the advancements in technology and data analytics. She explains her company's role in optimizing location strategies for manufacturing and other projects, touching on the challenges of labor availability and power infrastructure. Didi also introduces Strata Platforms, a software solution developed to streamline the site selection process. The conversation provides insights into current industry trends, including the rise in manufacturing projects and the significant power demands of modern industries. 00:41 Welcome to the Industrial Advisors Podcast 00:46 Meet Didi Caldwell: CEO of Global Location Strategies 02:39 The Evolution of Site Selection 04:24 Challenges and Innovations in Site Selection 04:52 Introducing Strata Platforms 06:37 Data and Technology in Site Selection 09:07 Labor Availability and Site Selection 15:44 Future Trends in Site Selection 18:12 Power Generation and Infrastructure Challenges 20:50 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Navigating Market Shifts in Industrial Real Estate
07/25/2025
Navigating Market Shifts in Industrial Real Estate
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor talk with Deb Szima, MBA and former VP of Real Estate, Construction, and Facilities at SRS Distribution. Deb shares her journey of transforming and centralizing the corporate real estate function at SRS amid its rapid growth through acquisitions. The conversation delves into the important interplay between lease administration, transactions, facilities, and construction, and the challenges of managing real estate in a fast-evolving industrial market. Deb discusses her initial focus areas, including restructuring broker relationships and addressing fire suppression concerns, and highlights the complexities of scaling a real estate team within a dynamic organizational culture. 00:00 Introduction to Lease Administration and Real Estate Growth 00:44 Welcome to the Industrial Advisors Podcast 01:06 Deb Szima's Background and SRS Distribution Overview 03:36 Challenges and Strategies in Real Estate Management 06:30 Navigating Industrial Real Estate Market Changes 09:29 Building a Corporate Real Estate Strategy 17:37 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Top Lessons from Rising Stars in Industrial Real Estate
07/18/2025
Top Lessons from Rising Stars in Industrial Real Estate
In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor revisit one of their most popular episodes featuring promising young brokers Kyle Back and Chloe Heiligenstein. They discuss the duo’s rapid career advancements, work ethic, and innovative approaches in the commercial real estate industry. Kyle and Chloe share their strategies for success, the impact of their early career efforts including networking and education and adapting to industry changes during the pandemic. This episode highlights their impressive accomplishments, dedication, and the evolving role of technology in real estate. 01:08 Highlighting Kyle's Career Progress 02:56 Chloe's Career Journey 04:35 Rebroadcast of the Original Podcast 05:59 Kyle and Chloe's Early Career Insights 13:43 Adjusting Business Development During the Pandemic 16:35 Challenges and Lessons from Year One 18:14 The Evolution of Cold Calling 23:58 The Role of Technology in Modern Brokerage 26:34 Attracting College Graduates to Commercial Real Estate 30:57 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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2025 Industrial Real Estate Trends You Need to Know
07/11/2025
2025 Industrial Real Estate Trends You Need to Know
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Craig, the National Director of Industrial Research, to discuss the state of the industrial real estate market halfway through 2025. They cover key topics such as national tenant demand, vacancy rates, market bifurcation, the impact of new supply and construction, and the trends in subleasing. Craig provides insights into the markets facing challenges and those that are stabilizing, as well as data on the major industries driving occupancy. The episode concludes with predictions for the remainder of the year, including the potential release of pent-up demand and anticipated strong growth once economic clarity is achieved. 00:00 Introduction and Welcome 01:13 National Industrial Market Overview 02:31 Vacancy Rates and Trends 04:05 Market Soft Spots and Hot Spots 08:12 Sublease Market Dynamics 10:58 Industry-Specific Absorption Trends 12:53 Construction Activity and Future Predictions 14:52 Conclusion and Final Thoughts
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How to Hire the Best Co-Broker for Your Client
06/27/2025
How to Hire the Best Co-Broker for Your Client
In this episode of the Industrial Advisors podcast, Bill Condon and Matt McGregor discuss the key considerations for hiring co-brokers, especially when representing clients in different markets. They emphasize the importance of generosity and fair compensation, understanding the specific requirements of the task, and conducting thorough vetting and interviews to select the right broker. Transparency, early conflict checks, and clear communication about fee splits are also highlighted as crucial steps in ensuring smooth and successful collaborations. 00:00 Introduction and Importance of Co-Brokers 00:37 Effective Hiring of Co-Brokers 01:28 Matching Brokers to Specific Requirements 02:28 Ensuring Transparency and Addressing Conflicts 03:31 Fair Compensation and Value Equation 05:02 Conclusion and Best Practices You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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How Digital Twins Revolutionize Manufacturing Facilities
06/20/2025
How Digital Twins Revolutionize Manufacturing Facilities
In this episode of the Industrial Advisors podcast, recorded live from the IAMC conference in Sacramento, the hosts speak with Michael Verdier, a partner at BHDP Architecture with over 35 years of experience in designing manufacturing facilities. Michael discusses the evolution of industrial manufacturing in the U.S., focusing on the importance of efficient facility design, plant simulation, and digital twin technology. He emphasizes the role of sophisticated planning in optimizing production lines and capacity, as well as the necessity of creating attractive and functional spaces to retain top talent. Michael also highlights the significant recent projects, such as the Airstream plant in Jackson Center, Ohio, which integrated great design and amenities to enhance worker experience and productivity. 00:00 Introduction and Podcast Welcome 00:31 Guest Introduction: Michael Verdier 01:09 Evolution of Industrial Manufacturing 01:48 Designing for Future Growth 05:51 Simulation and Digital Twin Technology 09:18 Onshoring and Industry Trends 12:47 Flexible and Adaptable Spaces 13:51 Highlight Project: Airstream Plant 18:16 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Retrofitting Obsolete Spaces
06/13/2025
Retrofitting Obsolete Spaces
In this episode of the Industrial Advisors podcast, the hosts discuss the concept of transforming obsolete industrial spaces into desirable tenant properties through retrofitting. They examine examples of successful projects in Tacoma, Auburn, and South Seattle, such as IRG's redevelopment of the Super Value site and the LIFT project at the old Sears building. The conversation also covers the significance of such projects in land-scarce markets, the trends of downsizing large industrial parks like 212 Business Park, and the ongoing viability of these transformations in the current market. The episode concludes with a review of a current project involving the former Ardagh glass plant and the potential for future redevelopment opportunities. 00:00 Introduction to Obsolete Spaces 00:27 Examples of Successful Retrofitting Projects 01:14 Market Dynamics and Challenges 01:31 Case Study: 212 Business Park 02:56 Viability in Today's Market 04:25 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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WarmCaller: The Ultimate Tool for Industrial Brokers
06/06/2025
WarmCaller: The Ultimate Tool for Industrial Brokers
In this episode of the Industrial Advisors podcast, hosts Matt McGregor and Bill Condon are joined by Kyle Back and discuss their innovative software, WarmCaller. This tool is designed to make cold calling more efficient by leveraging AI technology to gather and rank relevant news articles overnight, providing timely and specific leads for outreach. They explain how WarmCaller integrates with databases like Salesforce and HubSpot, scrapes through news sources, and customizes rankings and email drafts based on user preferences, ultimately boosting brokers' effectiveness and differentiation in the market. 00:00 Introduction to Cold Calling 00:46 Welcome to the Industrial Advisors Podcast 00:57 The Concept of WarmCaller 02:18 How Warm Collar Works 03:45 Customizing WarmCaller for Your Needs 04:41 AI Integration and Efficiency 05:29 Conclusion and Demo Invitation You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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AI in Industrial Real Estate
05/30/2025
AI in Industrial Real Estate
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by AI futurist Zach Krass, former head of GTM at OpenAI. Recorded from a Manhattan café, Zach shares insights on the rapid advancement of AI, its impact on scientific discoveries, and the misconceptions surrounding job displacement due to automation. Discussing the emotional and economic implications of AI, Zach emphasizes the importance of finding purpose outside work and the rise of the experiential economy. He also touches on the future of industrial real estate in a tech-driven world. 00:00 Introduction to the Podcast 00:37 Meet Zach Krass: AI Futurist 01:52 Zach's Journey in AI 03:11 The Impact of AI on Society 06:23 Scientific Breakthroughs Driven by AI 09:24 Misconceptions and Fears About AI 10:57 AI and Job Displacement 11:53 The Future of Work and Happiness 13:06 The Role of Community and Purpose 20:52 AI's Influence on Industrial Real Estate 23:09 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Puget Sound Leasing Surges: 1.3M Sq Ft Signed!
05/16/2025
Puget Sound Leasing Surges: 1.3M Sq Ft Signed!
In this episode of the Industrial Advisors podcast, Bill Condon and Matt McGregor discuss the recent surge in leasing activity in the Puget Sound market over the past three to four weeks. They highlight key deals amounting to 1.3 million square feet, including a significant 612,000-square-foot expansion in Tacoma, as well as notable sports-related leases in tennis and pickleball. They also touch on the geographical spread of these activities across different cities in the region and the positive absorption in a market facing uncertainty. 00:00 Introduction and Recent Activity Overview 00:15 Highlighting Major Deals 01:47 Sports Facility Leases 02:35 Challenges and Considerations 03:13 Additional Significant Deals 03:34 Market Distribution and Future Outlook 04:21 Conclusion and Positive Market Sentiment You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Embracing VUCA: The New Normal in Industrial Real Estate
05/09/2025
Embracing VUCA: The New Normal in Industrial Real Estate
In this episode of the Industrial Advisors podcast, hosts Bill and Matt discuss the theme of embracing change amidst constant disruption with Jodie Poirier, President of Occupier Services. They reflect on the significant events of the past five years, such as COVID-19 and geopolitical tensions, as well as the enduring volatility, uncertainty, complexity, and ambiguity (VUCA) that have become the new normal. Jodie shares her thoughts on navigating strategic changes in the industrial real estate sector, insights from Jeff Bezos on focusing on what won’t change in the next decade, and the growing importance of power and automation over labor. Additionally, the discussion covers the shifting office environment, highlighting the return to in-office work, the need for collaboration spaces, and the evolving role of private workspaces. The episode underscores the crucial skills industrial brokers need to develop, particularly in understanding power requirements and grid infrastructure. 00:00 Introduction: Navigating a World of Constant Disruption 00:57 Live at IAMC: Embracing Change with Jodie Poirier 01:18 Keynote Insights: Adapting to the New Normal 03:27 Strategic Pillars for Industrial Real Estate 05:34 The Future of Automation and Labor 11:14 Office Space Evolution Post-Pandemic 14:58 Conclusion: Looking Ahead You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Cold Storage Boom: Why Demand Is Skyrocketing
05/02/2025
Cold Storage Boom: Why Demand Is Skyrocketing
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor delve into the rapidly growing cold storage sector. They discuss the significant rise in demand for cold storage spaces, driven by changes in consumer demand for fresh foods and pharmaceuticals. Despite the high costs of infrastructure, cold storage rents are more than double compared to regular industrial buildings. The hosts highlight the lack of vacancy and the challenges in securing new cold storage spaces, suggesting the need for speculative development to meet market demands. They also examine the evolving nature of cold storage requirements and the increasing interest from investors, projecting continued growth in this niche market. 00:29 Welcome to Industrial Advisors Podcast 00:38 Current Market Demand and Vacancy 00:48 Specialized Cold Storage Teams 01:09 Local Market Challenges 01:41 Speculative Development Risks 03:10 Drivers of Cold Storage Demand 04:00 Speculative Development Trends 05:49 Conclusion and Future Outlook You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Amazon's $2B Shift: Data Centers Over Warehouses?
04/25/2025
Amazon's $2B Shift: Data Centers Over Warehouses?
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor, supported by cutting-edge AI technology, delve into Amazon's recent activities and strategies in the Western region. They discuss Amazon's significant investments in industrial real estate and data centers, highlighting a strategic pivot driven by the AI boom. Despite a seeming slowdown in new warehouse developments in some Western markets, Amazon has spent billions acquiring land, particularly for cloud computing facilities, and continues to expand its logistics network. The episode also explores Amazon's investments in innovative technologies to revolutionize warehouse operations and supply chain management. By examining industry reports, financial data, and real estate transactions, the hosts provide a comprehensive understanding of Amazon's evolving strategy and its implications for the industrial sector. 00:26 Podcast Overview and Research Process 01:24 AI-Generated Podcast on Amazon 02:48 Amazon's Western Region Activities 04:30 Amazon's Strategic Shift to Data Centers 07:21 Logistics and Warehouse Developments 11:39 Amazon's Industrial Innovation Fund 16:14 Impact of Amazon's Office Return Mandate 17:50 Conclusion and Key Takeaways You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Tariffs and 3PL Dominance: Insights on U.S. Market Trends
04/18/2025
Tariffs and 3PL Dominance: Insights on U.S. Market Trends
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor delve into the recent surge in activity by Chinese third-party logistics (3PL) companies in the US industrial market, particularly in the Inland Empire region. This spike in activity was driven by companies anticipating tariffs from the Trump administration, leading them to import goods ahead of expected cost increases. The discussion highlights the reasons behind the increased presence of Chinese 3PLs, the strategies they employed to circumvent tariffs, and the potential future impacts on the market, including influence from major players like Amazon. With insights based on recent research and market observations, this episode provides a comprehensive overview of current trends and future projections in the logistics and industrial sectors. 00:00 Introduction and Market Anticipation 00:35 Chinese 3PL Companies' Market Activity 01:08 Inland Empire: The Hotspot for Chinese 3PLs 02:25 Impact of Tariffs and Trade Wars 03:48 Shift to Chinese 3PL Model 05:28 Future Market Predictions and Amazon's Role 08:10 Conclusion and Local Market Insights You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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Electric Fleets: Why Progress Is So Slow
04/11/2025
Electric Fleets: Why Progress Is So Slow
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor discuss the current state and future of electric fleets, industrial buildings, and autonomous trucks. They highlight the slow adoption of electric fleets due to infrastructure challenges, high costs, and lack of standardization. They also examine the pilot projects by companies like Walmart, which have been experimenting with autonomous trucks since 2016, and touch on why a full transition to electric and autonomous fleets has been slow. Despite some advancements, the conversation underscores that significant hurdles remain, making the future of electric and autonomous trucking complex and gradual. 00:54 Current State of Electric Fleets 02:08 Challenges in Infrastructure and Costs 03:11 Spec Buildings and Future Projections 04:31 Autonomous Trucks and Pilot Projects 05:27 Future of Autonomous and Electric Trucks 06:23 Conclusion and Final Thoughts You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com
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