By Terri-lynn Mitchell, Managing Director
From food and beverage production locations to build-to-suits, bulk distribution, and land sites, the industrial sector of commercial real estate has seen exponential growth in recent years. This growth has been influenced by a significant rise in e-commerce, an increased demand for data centers, and other driving forces. No two industrial buildings are alike, and each one brings significant, complex challenges associated with it.
BOMA International’s Industrial Experience Exchange Report (Industrial EER) has transformed the way property professionals are able to benchmark and analyze their properties. With the data available through this benchmarking tool, we are now able to evaluate and refine operational strategies, assess new markets, and maximize asset performance with greater accuracy and confidence to benefit our clients.
The impact of knowing the income and expense information and how we are trending in different areas—local, regional, and national—is substantial. In Indianapolis alone, we manage more than 44 million square feet, expanding across the United States to more than 300 million square feet. Industrial is a quickly growing sector for us, with no signs of slowing down, and the Industrial EER allows us to maintain pace and identify critical strategic advantages.
As the Asset Services lead for Cushman & Wakefield’s Indianapolis office, Terri-lynn Mitchell leverages her extensive experience in the industry providing direction and leadership to the Indianapolis and Louisville property management staff. Working in partnership with local leaders, she develops new business prospects and oversees all operations and staff, ensuring the highest quality service delivery to her clients.