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?
Podcasts in the app Replaio Radio Coming soonPodcasts are coming to the app soon. Install now and be the first to see a whole new take on podcasts
Episodes
Industrial Intelligence: Tenant Improvements 11.10.2023 3:18
Join us as we delve into the complexities of tenant improvements and examine the essential factors tenants must carefully consider during lease negotiations to ensure their requirements are satisfactorily fulfilled.
Industrial Intelligence: Types of Lease Contracts 06.10.2023 2:19
Are you curious about the various lease contracts used in commercial real estate? Join us as we dive deep into the world of commercial lease agreements and uncover the advantages and disadvantages of two commonly employed contract types: fill-in-the-blank contracts and custom crafted contracts. In this video, we shed light on the importance of the drafting party's leverage, which allows them to es...
Industrial Intelligence: Rent Escalations 29.09.2023 2:14
Rent escalations or annual increases are common features in lease agreements, but have you ever wondered how these adjustments are determined? In this informative video, we delve into the factors that influence rent escalations and shed light on the market-based system that governs these decisions.
Industrial Intelligence: Renewal vs Relocation 27.09.2023 2:04
Considering lease renewal or relocation for your business? In this informative video, we explore the crucial factors you must evaluate before making a decision. Moving to a new building of the same size may seem tempting due to potential rent differentials, but is it truly cost-effective? Join us as we delve into the associated expenses and payback periods involved in relocation.
Industrial Intelligence: Different Lease Types 22.09.2023 4:07
Lease types in the industrial market can be complex and bewildering. In this informative video, we provide a comprehensive overview of the main lease types encountered, such as gross, modified gross, and triple net leases. Discover the key differences between these lease structures and how they impact tenant responsibilities and expenses.
Industrial Intelligence: Save the Best for Last 20.09.2023 1:11
The age old question: Should you show the best property first or last?
Industrial Intelligence: Worth the Client's Time 12.09.2023 1:24
We discuss if the property is worth the time and effort of both the broker and the client.
Industrial Intelligence: Negotiating Strategy 12.09.2023 1:11
Whether it's in the world of real estate or any negotiation scenario, the power dynamic plays a crucial role. Discover how to identify who holds the leverage, who is in charge, and who possesses the ability to walk away. By gaining this clarity, you can set realistic expectations and gauge whether you are needed or if the other party requires your presence.
Industrial Intelligence: Strategies to Secure the Best Deal 06.09.2023 1:58
Join us as we take you behind the scenes and explore the world of off-market opportunities. We'll share the untapped techniques that go beyond the usual property listings. Discover how brokers dive into the hidden realm of off-market properties, unveiling gems that most people overlook.
Industrial Intelligence: Lease Expiration and Baseball Arbitration 06.09.2023 4:08
Uncover the hidden details within lease contracts, such as the window of opportunity for exercising your option. Discover the typical timeframes, ranging from six to nine months or nine to 12 months, where written notice can be given. Dive deeper into the negotiation process, exploring the concepts of fair market rent and pre-negotiated terms. But what if negotiations turn sour? Unveil the intrigu...
Industrial Intelligence: Building a Timeline 01.09.2023 1:44
Discover the key steps you must consider, with building a remarkable team topping the list. But wait, there's more! Find out about the crucial mindset required to effectively manage project timelines—flexibility.
Industrial Intelligence: Managing Multiple Bids 01.09.2023 1:12
Discover the ultimate secret to successfully managing multiple vendors with conflicting interests during a project! In this captivating video, you'll uncover the game-changing strategy of having a designated "quarterback" to orchestrate the entire process. This quarterback, whether it's a specialized architect, an integrator, or a versatile project manager, holds the fundamental understanding of t...
Industrial Intelligence: Roles of External Employees 24.08.2023 2:39
We explore the crucial roles of external employees, consultants, and vendors in shaping the success of a project. Drawing from real-life examples, we discuss the collaboration between asset managers, leasing brokers, contractors, and architects in achieving project goals. Additionally, we delve into the effective management of multiple competing vendors through competitive bidding and the importan...
Industrial Intelligence: Essential Qualities in a Broker 24.08.2023 1:09
Discover the essential qualities that business owners should seek when hiring a broker. In this informative video, we explore the importance of finding the right fit for your assignment, personality, and team. Learn how factors like property size, location, and operational type come into play. Additionally, delve into the significance of a broker's marketing strategy, often overlooked in interview...
Industrial Intelligence: Misconceptions About Electricity 17.08.2023 5:47
We delve into a crucial aspect often overlooked in building selection: power requirements. Join us as we explore the significance of power and its impact on leasing decisions for commercial spaces. Our experienced industry professional sheds light on the complexities surrounding power needs, debunking common misconceptions and providing valuable insights. Discover why power is vital for various op...
Industrial Intelligence: Importance of Fire Suppression 17.08.2023 4:25
Discover the often overlooked, yet crucial aspect of warehouse design: fire suppression systems. In this eye-opening video, we delve into the significance of implementing an effective fire protection system and its impact on warehouse safety. Join us as we discuss why executives and decision-makers must prioritize fire suppression measures, beyond the obvious safety concerns. Gain valuable insight...
Industrial Intelligence: Office Gone Wrong 02.08.2023 4:23
We explore the common mistakes companies make when assessing office space and how to effectively remedy them. Join us as we discuss the challenges of misjudging space requirements and the consequences of having too much or too little office space within industrial properties. Discover real-life experiences and learn about potential solutions, including subleasing excess space and adapting to chang...
Industrial Intelligence: Importance of Layout 26.07.2023 6:48
We explore how the layout of different buildings can impact the functionality and efficiency of a company's operations. Join us as we delve into the factors that businesses should consider when deciding whether to stay in their current building or move to a new one. We emphasize the importance of understanding future needs and envisioning the ideal workspace. By taking inventory of the existing s...
Industrial Intelligence: Common Financing Challenges 13.07.2023 5:29
We delve into the common financing challenges that businesses often encounter. Whether you're a business owner or a tenant considering a property transition, understanding these challenges is crucial. Join us as we explore strategies and options to mitigate these obstacles when selling an owned property and purchasing a new one. By taking a moment to assess both the physical condition of the prope...
Industrial Intelligence: Subleasing 06.07.2023 7:41
In this informative video, we delve into the prevalent practice of subleasing in the warehouse leasing business. Discover why subleasing is widely adopted and the types of groups or entities that actively seek out subleasing properties. We explore the dynamics of subleasing contracts, the challenges involved, and the importance of understanding the complexities it brings. Additionally, we discuss...
Industrial Intelligence: Thinking Strategically 29.06.2023 4:17
In this thought-provoking video, we explore the powerful concept of "Always Be the buyer" and its application to lease renewal negotiations. Learn how this mindset framing technique, derived from Strategic Coach, can transform your approach as a tenant. Discover the advantages of shifting from a seller's validation-seeking position to a buyer's empowered position. By adopting the buyer's mindset,...
Industrial Intelligence: Situational Awareness 26.06.2023 3:13
Situational Awareness is the essence of making intelligent decisions in commercial real estate. Join me as I discuss key factors that drive successful strategy. Get ready to gain a competitive edge and navigate the commercial real estate world with confidence!
Digging into Labor Analytics with Kevin Dollhopf and Gary Yates 26.04.2023 35:34
Justin welcomes Kevin Dollhopf and Gary Yates from Hickey & Associates. They discuss their labor report on the Inland Empire, which is a site selection model that analyzes the costs of real estate, labor, and transportation for companies trying to stay or locate a new facility in the area. The discussion covers the importance of labor to companies and the criteria used to evaluate labor force, une...
Electrifying the Grid & Innovative Solar Applications with Chris Pawlik 27.03.2023 47:03
Justin welcomes Chris Pawlik, Founder and CEO of Energy-Producing Retail Realty (EPR^2). Chris discusses the regulatory framework in California called net energy metering (NEM), which allows residential and commercial customers to generate solar power and feed it back into the grid. He also shares insights on the impact of NEM 3.0 on the commercial real estate industry, along with the concept of e...
Similar podcasts
Replaio is not a podcast publisher; show names, artwork and audio belong to their authors and are distributed through public RSS feeds.