Will there be logistics demand for all that dirt?

The co-founder and CEO of Zenith IOS, Ben Atkins, has an ambitious and a somewhat unorthodox goal for his company. “We want to be,” he said, “the Prologis of dirt.”

Given its massive size — more than 1 billion square feet of logistics warehousing across the globe — being known as the Prologis of anything is aspirational for most real estate developers. That’s especially true for Zenith, less than 3 years old and looking to redefine the industrial outdoor storage (IOS) industry, a legacy business...

https://www.freightwaves.com/news/will-there-be-logistics-demand-for-all-that-dirt

Industrial outdoor storage garners more attention, investment

Trailers parked in a yard

A surge in e-commerce activity during the pandemic sent fulfillment providers scrambling to find additional space to meet the need. Warehouse acquisition and build costs have soared alongside rents, which appear poised to see major hikes again this year. While the need for finished space remains high, so does the need for lesser-improved real estate.

Demand for industrial outdoor storage (IOS) is at an all-time high. This subset of the commercial real estate market consists of lots and yards,...

https://www.freightwaves.com/news/industrial-outdoor-storage-garners-more-attention-investment