You Ain’t Seen Nothin’ Yet: Industrial Outdoor Storage Takes Off

 How did a property sub-sector built around equipment and vehicle storage garner the interest of  institutional investors? Alterra Property Group’s Leo Addimando and CBRE's Will Pike discuss the evolution and growth of Industrial Outdoor Storage (IOS), current market dynamics and its emergence as an increasingly mainstream institutional asset.IOS plays a key role in supporting logistics, infrastructure, construction and services businesses.Location is central to IOS value as users depend on proximity to ports, interstate highways, intermodal facilities, airports and population centers.Zoning restrictions limit IOS supply growth.Institutional capital increasingly views IOS as a traditional real estate asset, narrowing the valuation gap with other industrial properties.Tailwinds like technology and digital infrastructure-driven demand intensify competition for well-located, properly zoned IOS sites.