Betting on Industrial: Category Looks Well-Positioned to Weather the Coronavirus StormApril 13, 2020 – Media Mention
Real Estate Partner Steve Lurie spoke with the Los Angeles Business Journal about his outlook for the industrial real estate market amid the COVID-19 pandemic.
“It’s been a good ride for industrial sector property owners. Demand for space has accelerated. There’s been a lot of development and spec development that has been driven largely by ecommerce.”
Lurie works on other asset types, as well, and said retail has been hit the hardest. He said that in office and industrial properties, he has not seen many landlords agree to concessions during the coronavirus pandemic, but they have been open to rent deferrals.
Nevertheless, he cautioned that he expects the local tenant base to get hit harder than national companies.