736: Tailwinds For Supply Constrained Industrial Properties

As urban neighborhoods with large ports have been redeveloped over the past few decades into residential and other uses, warehouse developments have moved to more inland locations. At the same time, ecommerce has created a need for tenants to be closer to their customer bases. Although there’s been an oversupply in major markets over the past few years, leasing has picked up. Brian Ker, President of Snowball Investments, has built a portfolio of industrial properties in the Tri-State region of New York, Connecticut and New Jersey with proximity and ease of public transportation into Manhattan.