In this conversation, hosts Bo Barron, CCIM, and Timmy Barron, ADHD, invite Industrial Real Estate’s fiancé, Chad Griffiths, to discuss various aspects of industrial real estate. They cover topics such as different types of industrial properties, including warehouses and manufacturing facilities, as well as subcategories like self-storage and data centers. They also touch on the importance of factors like ceiling height, loading areas, and power supply in industrial properties. Chad shares his passion for industrial real estate and highlights the unique features and opportunities it offers.

The conversation in this part focuses on different types of businesses that can be housed in industrial spaces, such as industrial outdoor storage and data centers. The speakers discuss the challenges and potential risks associated with investing in data centers, as technology and consumer behavior can change rapidly. They also highlight the attractiveness of class B and class C industrial spaces, which have a fixed supply and increasing demand, leading to higher rents and lower vacancies.

The conversation also touches on the impact of the cannabis industry on industrial real estate, with Canada experiencing an over-supply and potential pitfalls for investors. In this final part of the conversation, Bo, Timmy, and Chad discuss the risks and challenges of investing in industrial real estate. Chad emphasizes that industrial real estate carries a higher level of downside risk compared to other asset classes, and inexperienced investors should be cautious. He advises those interested in industrial real estate to spend several years learning about the industry, becoming an expert in the field, and understanding the local market.

Timmy reflects on the lessons he has learned from the podcast and expresses his appreciation for the complexity and artistry of commercial real estate. As always, the episode ends with a fun pop quiz to test Timmy’s ability to pay attention and thank their listeners and guests.

Take Aways

• Industrial real estate encompasses various types of properties, including warehouses and manufacturing facilities.
• There are subcategories within industrial real estate, such as self-storage and data centers.
• Ceiling height, loading areas, and power supply are important considerations in industrial properties.
• Industrial properties can range from old and rundown to modern and architecturally impressive.
• Industrial real estate offers unique opportunities for investment and business operations. There are various types of businesses that can be housed in industrial spaces, including industrial outdoor storage and data centers.
• Investing in data centers carries potential risks, as technology and consumer behavior can change rapidly.
• Class B and class C industrial spaces are attractive investments due to fixed supply and increasing demand, leading to higher rents and lower vacancies.
• The cannabis industry can have a significant impact on industrial real estate, with potential over-supply and risks for investors. Investing in industrial real estate carries a higher level of downside risk compared to other asset classes.
• Inexperienced investors should spend several years learning about the industry and becoming experts in the field.
• Understanding the local market is crucial for success in industrial real estate.
• Commercial real estate requires a combination of knowledge, data analysis, and creativity.

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Connect with Chad Griffiths

The Industrial Real Estate Podcast: https://industrialize.com/podcast

@industrialize on Youtube

@ChadGriffiths on X

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⏰ Time Code ⏰

00:00:00 – Start
00:05:54 – Who Is Chad
00:09:07 – Describing Industrial to 5th Graders
00:12:35 – Why Is Industrial Unique?
00:15:39 – Ugly vs Pretty Industrial
00:17:28 – Breaking Down Industrial
00:19:21 – Class A
00:28:57 – Data Centers
00:38:36 – Why Most Data Centers In Virginia
00:42:00 – What Happens When Data Centers Become Obsolete?
00:46:13 – How Different Classes Effect Each Other
00:47:51 – Class B vs Class C
00:56:39 – Cannabis Real Estate
01:04:53 – Most Should Not Invest in Industrial
01:09:28 – Advice to New Brokers of Industrial
01:13:05 – Pop Quiz
01:27:00 – Shoutouts

📒Show Notes📒

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Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets.

For all CRE inquiries, visit https://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron