Exploring the Northend and East Side Market of the Puget Sound

In this episode of the Industrial Advisors Podcast, hosts Bill Condon and Matt McGregor provide us with a thorough overview of the North End industrial market. Joining them is Derek Heed, an experienced broker from Colliers, who gives valuable insights about the market's growth, its historically strong connections to Boeing and aerospace, and recent trends such as the influx of institutional groups and developments in emerging areas like Arlington and Marysville. Going forward, Derek predicts a leveling out of rents and an increase in tenant power due to slightly softer demand in 2024. The episode emphasizes the dynamism of the North End market and how it continues to evolve under various pressures, providing a deep-dive exploration into one of the key players in the Puget Sound's industrial landscape. 00:02 Introduction and Welcome 00:40 Guest Introduction: Derek Heed 01:40 Understanding the North and East Side Industrial Market 03:19 The Evolution of the North End Market 07:22 Institutional Players in the North End 11:52 Emerging Markets in the North End 18:31 Investment Opportunities in the North End 19:47 Predictions for the North End Market in 2024 22:39 Closing Remarks