NAIOP New Jersey Hosts National Industrial Real Estate Event

(L to R): John Morris of Cushman & Wakefield, Chris Caton of Prologis and NAIOP NJ President Clark Machemer discussed trends affecting the current industrial real estate cycle at I.CON Industrial Real Estate Trends & Forecasts. The national conference was held June 9 and 10 at the Hyatt Regency in Jersey City.

A panel of industry experts shared their insights into trends affecting the industrial real estate cycle during I.CON, a national industrial real estate conference that took place on June 9 and 10. NAIOP NJ, the commercial real estate development association, co-hosted the event at the Hyatt Regency in Jersey City.

Clark Machemer, Senior Vice President of The Rockefeller Group and current President of NAIOP New Jersey, led the discussion with panelists Chris Caton, senior vice president and global head of real estate research at Prologis Inc., and John Morris, executive managing director and logistics and industrial services lead for the Americas at Cushman & Wakefield.

“The elements that shape industrial real estate cycles – economy, demand, supply, capital flows and valuations – help the industry learn from the past and prepare for the future,” Machemer said. “However, new factors are shaking up the current cycle and leaving a surge of transformation in their wake. Key among them are e-commerce, urbanization and population migrations, service expectations, climbing inventory ratios, the price of oil, high levels of education and the lack of labor, and the uncertain future of retail.”

More than 600 industry professionals attended I.CON, which offers the most up-to-date information and trends presented by the most notable names in the industry. Topics included e-commerce, the logistics supply chain, demand for new industrial development, and current and future industrial facilities.