Gregg Healy is the Executive Vice President at Savills. He manages the company’s industrial practice in the US and Canada as a single, unified force – setting strategy and best practices, as well as guiding service delivery and client solutions across markets.
Amid positive national jobs growth and the looming threat of the Delta variant of COVID-19 threatening the economic rebound, the industrial real estate market has experienced tremendous growth in demand as people return to work.
Absolutely, if you are a landlord right now, it is the best of times because [the] industrial [sector] has had no slowing down. You can pretty much ask what you want for rent, and people come knocking on your door trying to lease that space up, particularly in the major industrial markets.