@ChrisRamsey60 I think this will also limit your exit opportunities. There is a smaller buyer pool that is interested in a property with all 3 asset classes. Most are specialized in one of the three
@seandsweeney@ericson4smith Even if this is true that 88% of people can’t work from home, that doesn’t mean they are working from an office. Large amount of these jobs are probably in retail/industrial settings.
@Levijameshere I get a lot for child care centers and urgent care doctors offices too. Private equity is buying them up and selling off the real estate.
@ZeroBasis Do you think that splitting the site into two different asset classes could limit your potential future buyers? Seems there would be more firms interested in one or the other rather than both combined
@fortworthchris Does proximity to a port, railway or airport matter at all to your small-bay tenants? I always thought that type of infrastructure only benefited large logistics buildings. Seems like highway interchanges would be more important for small-bay
@CaseyMericle I believe we were quoted $125/sf for a concrete wh in 2021. Business park had covenants that required buildings to be concrete. Can probably get well under $100 for a metal building.