Juha Discusses the Growth of Multistory Industrial Facilities

In an interview with Commercial Property Executive, Damon Juha discusses the growth of multistory industrial facilities. He believes that given the increased construction costs necessary to acquire, design, entitle and develop a multistory industrial facility, there are only so many investors that can pull it off. He said, “For now, it’s hard to imagine a developer choosing to go vertical, considering the high costs and that there are not a lot of tenants geared up to operate in multistory buildings.”