42: Exploring the World of Industrial Real Estate in the greater Seattle area

Matt McLennan, an executive vice president and shareholder at Kidder Matthews, specializes in industrial leasing and sales in the South King and Pierce counties. In this episode, he discusses his background in the wine industry and how he transitioned into a career in real estate. He explains the different types of industrial real estate, such as distribution centers, manufacturing facilities, and industrial outside storage. Matt also shares insights into market trends, including the increasing focus on efficiency and sustainability in industrial buildings. He emphasizes the importance of technology, particularly social media, in the real estate industry.

Takeaways

• Industrial real estate includes various types of properties, such as distribution centers, manufacturing facilities, and industrial outside storage.
• Market trends in industrial real estate include a focus on efficiency and sustainability, as well as the increasing demand for industrial outside storage.
• Technology, particularly social media, plays a significant role in the real estate industry, allowing for better marketing and communication with clients.
• Investors should consider factors such as the going-in price, cash flow, and potential for future growth when investing in industrial real estate.
• The industrial real estate market in the Pacific Northwest is expected to continue to perform well, driven by factors such as e-commerce and the need for greener and more efficient buildings.