Shallow-bay industrial space is far from the poster child of a modern warehouse. Instead of a giant square block of white-walled distribution space storing thousands of items, a shallow-bay warehouse is exactly like it sounds: a narrower building with rows of bay doors that stretch along its facade. It is, however, the poster child for the type of industrial property that investors want to buy, panelists said Tuesday at Bisnow's Industrial Southeast Summit. 
“There is a lot of institutional capital pursuing shallow-bay industrial,” said Bill Mealor, a senior managing director for Patterson Real Estate Advisory Group. “There is less appetite for bulk industrial, and construction is more difficult given the return on cost expectations and supply in many markets.” Shallow-bay industrial properties only make… Read the full story here. | 
