Newmark Launches Industrial Outdoor Storage Practice to Expand Capabilities Across North America
Newmark has launched a dedicated Industrial Outdoor Storage (IOS) specialty practice, aimed at providing advisory and capital markets services for this rapidly growing segment of commercial real estate. The new group will serve owners and occupiers across the U.S. and Canada in sectors such as truck terminals, fleet parking facilities, storage yards, and industrial service centers. According to Newmark's research, IOS rents have surged by 123% since 2020—more than double that of bulk warehouse properties—and vacancy rates are currently at a tight 5.8%, significantly lower than the overall industrial market average. The practice is led by senior executives and includes specialists in leasing, capital markets, M&A advisory, and tenant representation. The launch reflects growing institutional interest in IOS as it becomes an increasingly recognized asset class within the broader industrial real estate sector.
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Topics: commercial real estate logistics M&A outsourcing storage