Jul 10, 2019
On Thursday, June 27th NAIOP NEFL had over a 120 members and guest attend their quarterly luncheon meeting at the Jacksonville Marriott. There was a very imformative discussion moderated by David Sillick on the topic of how Industrial and retail intersection. The panel discussion was made up of 4 local experts in the industrial and retail field, Luke Pope, JLL, Peter Anderson, Pattillo Industrial Real Estate, Jason Ryals, Colliers International and Jonathan Hildenbrand. The discussion included the Amazon effect, patterns of online shopping. As E-commerce continues to drive demand in industrial real estate sites, the convergence of industrial and retail uses in commercial real estate continues to become more prevalent. This moderated discussion touched on various questions surrounding the intersection of industrial and retail markets in CRE, including what drivers are pushing industrial users into retail sites and retailers into industrial sites, trends in warehouse/fulfillment center uses and construction, factors driving building site selection and attributes of the northeast Florida region that position us to be set apart from other markets. This convergence impacts many segments within the commercial real estate industry.