Hartman Simons Managing Partner Summey Orr appeared on the most recent episode of the nationally syndicated "Commercial Real Estate Show" radio program to discuss the ongoing recovery of the industrial real estate sector. Host Michael Bull, Orr and the other guests discussed a range of topics, from the impact of the improving housing market and e-commerce to the resumption of speculative construction in some markets.
“When e-commerce first emerged, so many people said, ‘That’s going to take commercial real estate under,’ but that doesn’t make sense,” Orr said during the show. “Merchandise has to be housed somewhere. We’ve seen a lot more industrial development as big retailers are building large rapid-deployment centers closer to major commerce areas so the product can be shipped more quickly.”
To listen to the entire show, push the play button on the player located after the jump: