Outside Chance: Investment Opportunities in Industrial Outdoor Storage

· With sub-3% vacancy and strong rent growth, Industrial Outdoor Storage (IOS) is outperforming traditional industrial assets. · Zoning and entitlement hurdles limit new IOS development, boosting demand for existing sites. · Major investors are amassing IOS portfolios, following the path of self-storage and single-family rental. · IOS supports logistics, construction and utilities with strategic infill locations and flexible outdoor space. · Electrification and evolving logistics technology are reshaping IOS.