As developers try to build industrial properties that will last half a century or longer, they are increasingly thinking about how to turn warehouses into what owners and tenants will want in the future. “What we're telling all of our clients is you need to be cautious about that older stuff in the logistics environment, because we view the future of logistics similarly to the future of office,” Mary Lang, CBRE Investment Management’s head of Americas logistics and strategies, said at Bisnow Northeast Industrial event last week. 
The office has been devalued since the pandemic-induced pivot to hybrid workforces, but the properties that are leasing are typically the newer buildings with the best amenities. Industrial will likely face similar conditions in the future, as changing demands for parking, energy and environmental impact draw potential tenants away from older product,…  Read the full story here. | 
