Justin Smith
Industrial Insights
Industrial Insights is a podcast that highlights the market dynamics, high level strategies, and in the trenches tactics for tenants and owners of industrial real estate. Each episode is designed to take hard fought wisdom from practitioners and break it down into insights that can drive better commercial real estate decision making. The host, Justin Smith, shares his experiences from 16 years in the business and brings in industry experts to discuss critical aspects of successful industrial projects.
Where to listen?
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Episodes
Industrial Intelligence: Change of Ownership 02.02.2024 0:53
At the most fundamental level, a change of ownership adds another party to the agreement that was not present during the initial negotiations. There are times when nothing changes except for the property manager and life goes on. However, a new landlord is usually a sign of change to come.
Industrial Intelligence: Fair Market Value Analysis 01.02.2024 1:04
If you're an appraiser, tenant, or landlord involved in R&D industrial properties, this video is a must-watch! Unlock the insights that lead to successful appraisals and leasing experiences. Hit the play button now and subscribe to our channel for more industry expertise and advice.
Industrial Intelligence: Lease Administration 31.01.2024 1:16
For companies operating ten locations or more, efficient lease administration is essential to keep track of crucial dates, financial details, rights, responsibilities, reconciliations, and option dates. In this video, we explore how lease administration software, a part of the thriving property technology (PropTech) industry, can revolutionize the way you manage leases.
Industrial Intelligence: CAM Reconciliation 24.01.2024 1:26
CAM (common area maintenance) reconciliations are a common practice in commercial real estate, but they can lead to surprising expenses for executives. In this eye-opening video, we shed light on the complexities of CAM reconciliations and how they can impact your bottom line.
Industrial Intelligence: Ongoing Support 23.01.2024 1:01
Moving to a new place can be exciting, and we're here to help you make the most of it. In this video, we'll discuss the crucial steps you can take to enhance your experience and keep things running smoothly.
Industrial Intelligence: Surrender, Restoration, Decommissioning 08.01.2024 0:16
Surrendering, restoring, and decommissioning your old space involves the process of giving back your leased property to the landlord. In this insightful video, we explore the key aspects you need to consider when returning your former space, ensuring a smooth and hassle-free transition.
Industrial Intelligence: Specific Concerns when Moving Equipment 11.12.2023 0:59
Moving machinery, equipment, and delicate lab materials require meticulous planning and preparation to ensure a seamless transition. In this informative video, we delve into the specific concerns and crucial steps you need to take when relocating such sensitive items.
Industrial Intelligence: Post Move Out 08.12.2023 1:22
Congratulations on successfully completing your move! As you settle into your new space, it's essential to address several crucial post-move housekeeping items to ensure a seamless transition. In this comprehensive video, we'll guide you through the necessary tasks to take care of after the move, so you can start fresh in your new surroundings.
Industrial Intelligence: Move Out 07.12.2023 1:01
Moving day can be a stressful and chaotic time, but with the right approach and organization, you can ensure a seamless transition to your new home. In this comprehensive guide, we reveal the key steps to orchestrate a successful move day and guarantee that everything goes according to plan.
Industrial Intelligence: 30 Days Out 06.12.2023 1:51
As the big day approaches, it's essential to ensure every detail is well-organized to make the transition as smooth as possible. In this video, we'll cover crucial tasks you should focus on at the 30-day mark to ensure a successful move.
Industrial Intelligence: 60 Days Out 29.11.2023 3:33
We'll discuss a comprehensive 60-day transition plan for businesses preparing to relocate their properties. Moving to a new location can be a complex process, and proper preparation is key to ensuring a seamless transition for both your employees and your operations.
Industrial Intelligence: 90 Days Out 27.11.2023 2:49
In the process of transitioning to a new space, careful planning is crucial. Beginning 90 days before the move, considerations include securing machinery permits and certifications, bidding and selecting a suitable moving company, and addressing specialized needs for industrial equipment. Inventorying furniture, managing insurance paperwork, obtaining certificates of insurance for property access,...
Industrial Intelligence: Upgrading Older Manufcaturing Buildings 20.11.2023 1:59
We explore the essential considerations when upgrading older manufacturing buildings to meet modern distribution needs. In Southern California, a substantial portion of available properties were constructed during the sixties, seventies, and eighties, making it crucial to adapt these structures for distribution purposes effectively. Join us as we uncover the primary factors involved in converting...
Mastering Material Handling Dynamics in Industrial Real Estate 17.11.2023 21:19
In this episode, Justin Smith brings in Greg Hanoian from United Material Handling to delve into the intricacies of material handling, timelines, and considerations for setting up warehouses. Joined by Chris Vassilian, they explore the basics of material handling and its growing importance in client conversations. The discussion covers essential considerations when setting up a new facility, from...
Industrial Intelligence: Job Walk with Contractors 15.11.2023 1:45
We explore the crucial advantages of conducting job walks with general contractors and how they contribute to the overall success and efficiency of construction projects. Gone are the days when contractors simply show up, give a bid, and the project begins. As projects scale up in size and complexity, job walks play a pivotal role in the construction process.
Industrial Intelligence: Cost Overruns 13.11.2023 2:25
To succeed, it's essential to establish clear cost expectations from the outset. By fixing costs upfront, tenants and landlords can set the foundation for a successful construction journey. Learn about the critical role of good space planning and architect work in the early stages of a project. A pricing plan, combining architectural drawings and essential features with desirable add-ons, empowers...
Navigating the Complexities of Supply Chain and Logistics 10.11.2023 27:08
Justin Smith welcomes John Haber, Chief Strategy Officer at Transportation Insight Holding Company to discuss the intricate world of supply chain and logistics, shedding light on the challenges faced by executives in the e-commerce and shipping sectors. Drawing from his extensive experience, John shares insights into the evolving landscape, touching on issues such as inventory management, rising s...
Consolidation Challenges in Industrial Real Estate 09.11.2023 5:07
Justin Smith and Grant La Bounty delve into the complexities of consolidation in the industrial real estate market. They discuss the challenges businesses face when managing multiple locations, especially when dealing with different lease expiration dates and landlords. They explore potential win-win scenarios, shedding light on market dynamics and stressing the importance of effective communicati...
Industrial Intelligence: Expediting Permit Approval Process 06.11.2023 2:05
Discover how cities' increasing understaffing and longer turnaround times have made permit approval a time-consuming challenge. However, there are actionable solutions to overcome these obstacles. One option is to invest in expedited turnaround times, which can fast-track your project. Alternatively, consider hiring a third-party expediter, someone well-versed in the city's processes, to ensure yo...
Industrial Intelligence: Private vs Institutional Tenant Improvements 02.11.2023 1:32
Private landlords tend to be cautious with their spending, holding onto cash until a tenant is secured. This can mean minimal upfront investment in preparing the space. On the other hand, institutional landlords take a proactive approach by investing in the space upfront, even without a confirmed tenant. This trend of increased institutionalization is beneficial for tenants, as it leads to more re...
The Rise of Sublease Space 27.10.2023 5:57
Join Justin and Grant as they discuss the current market and the rise of sublease space.
Industrial Intelligence: Different Conditions of Office Space 20.10.2023 2:14
Are you curious about the different conditions of office space found in industrial buildings? In this informative video, we delve into the implications of shell condition and fully renovated spaces. Join us as we explore the spectrum of office space conditions, from pristine Class A constructions to properties that have seen previous occupancy without renovations.
Negative Net Absorption and Lease Renewals 19.10.2023 11:53
This year's So Cal industrial theme is negative net absorption and lease renewals. What does this mean in the marketplace? Lots of impasses in negotiation. Slower velocity. Deals are still getting done, though! Class A lease rates are holding on by a thread. Great credit is worth an 8-10% discount on rates for many projects. Class B landlords are doing their best to secure new deals and tenant ren...
Industrial Intelligence: Entities on Lease Contract 18.10.2023 2:15
Discover how to choose the right entities for lease contracts, whether you're a sole proprietor, startup, or corporation. CEOs and business owners, understand the importance of assessing whether the parent company or subsidiary should be on the lease. Financial complexities: Learn how corporate parents consolidate subsidiaries and the impact on lease agreements.
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