Blackwells Capital Activist Presentation Deck
INDUSTRIAL REAL ESTATE INDUSTRY FUNDAMENTALS
CBRE 2020 Outlook (pre-COVID)
Strong Rent Growth from Construction & Infill
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BW
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Despite some softening in the market, CBRE forecasts rent growth of 5% in 2020, on par with
previous years
Rising rents will be driven by newer product and infill industrial space in supply-constrained
markets. High-quality, first-generation Class-A warehouse space typically generates a rent premium
Demand for light-industrial warehouses of less than 120,000 sq. ft. will accelerate as e-commerce
companies race to offer same-day delivery to customers. These properties have seen rents rise by
30% in the past five years, whereas big-box rents rose by 15%. Space is very limited in the smaller-
size segment
Source: CBRE 2020 Industrial Real Estate Outlook.
BLACKWELLS CAPITAL
Strictly Confidential & Trade Secret
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