Sound Bites from NAIOP’s I.CON: The Industrial Conference

Fall 2014

Sound Bites from NAIOP’s I.CON: The Industrial Conference in Jersey City

“Where are we headed [with big ships]? From a global perspective, in 2005, we had 3,300 vessels on the open ocean with about 7.3 million TEU capacity; by 2015, we will be up to 5,000 vessels with over 18 million TEU capacity. There is a substantial growth in capacity being driven by the big ships.”
Jack W. Ellenberg, senior vice president for economic development and projects, South Carolina Ports Authority

“This [big industrial buildings] is the only segment in commercial real estate that did not see a recession.”
Rene Circ, director of research, CoStar Portfolio Strategy

“I cannot think of a single industrial market that is on a downward trend.”
Tim Hoffman, vice president, acquisitions, Duke Realty Corporation

“Almost every market in the U.S. has a lack of new supply. The three exceptions are Dallas, Houston and the Inland Empire.”
Robert A. Kritt, senior vice president, acquisitions/dispositions, Prologis

“We are going through a fundamental change in our industry. Globally, there is too much capital chasing way too few real estate opportunities.”
Brian Ward, president, capital markets, Americas, Colliers International

“[Industrial has become] a preferred asset class, with incredible fundamentals, both here in New Jersey and across the country.”
Kevin Welsh, senior vice president, capital markets, CBRE

“Major developers and companies like Amazon and Wal-Mart have tended to dominate the real estate landscape in many communities. While these large-scale investments have been crucial to the industry’s growth, so have the smaller, niche investments that don’t often get as much attention.” 
John Morris, head of industrial, Americas, Cushman & Wakefield