The Matthews Podcast – Episode #22

This episode of The Matthews podcast features Chris Nelson and Sam Sukut, two industrial real estate experts from the Matthews™ San Diego office. They discuss the current state and future outlook of the industrial market in San Diego. Nelson and Sukut share insights into trends like slowing rent growth, interest rate impacts on transactions, development cycles, and demand drivers from industries like biotech and defense. They also offer advice to investors, highlighting the value of multi-tenant industrial properties below replacement cost. Listeners will gain a comprehensive view of both opportunities and risks in the San Diego industrial sector from two local brokers at the forefront of the market.

Topics Discussed:

– An overview of the current industrial market conditions in San Diego

– The impact of interest rates on transactions and development

– Slowing rent growth and how it affects investor pro formas

– Supply and demand dynamics in different submarkets

– Trends in industries like biotech, defense, and nearshoring that drive demand

– Future risks and opportunities in industrial real estate over the next 10 years

– Advice for investors on where to allocate capital in the Southern California industrial market