The Basics of Industrial Real Estate 

Just removed conditions yesterday on another industrial property, perhaps it’s a bit crazy buying during the middle of a pandemic, but I agree with you completely, it’s definitely my favourite asset class too

@@industrialize hello my Friend 😉🇧🇷🇧🇷😘🥰❤❤🌹🌹🌹😘😘🥰🥰🥰🥰🥰🥰🥰🤩🤩💝💝💝🎁🎁🥂🥂😉😉🇧🇷🌹😘🥰🥰🥰🥰😘🌹🌹😘😘🤩🤩🤩🤩🤩🤗🤗🤗💝💝

I agree completely, it’s a very rewarding career!

​@@industrialize You see many female brokers in industrial real estate? Advantages or disadvantages are there for genders, or knowledge is king?

@@thuyanh5368 I have a female broker on my team and she's one of the best brokers I've ever met. Knowledge is definitely king but having the right attitude is the queen. That means being positive, unwaveringly dedicated to providing the best service you can and also being resilient. If a broker can become an expert in both their local market and in industrial real estate (knowledge) and also be service-oriented, positive, and able to get back up when knocked down (attitude) I would bet they have long-term success in this business, regardless of their gender!

I really appreciate you taking the time to comment, and I truly believe you'll thoroughly enjoy learning more about the subject. I feel it's been a sleeping giant which has largely gone unnoticed by the media and public as a whole. I watched that CNBC video and found it to be very well done, so I wouldn't be surprised if that brings some more awareness to the industry. There isn't a whole lot of content about it on RU-vid but I'm optimistic more experts will join in due course. In the meantime it's an absolute labor of love to share my knowledge and experiences. Let me know if I can ever answer a question or help point you in the right direction!

Limelight...that's the word I should have used! Edmonton has well over 100 million sq ft of industrial real estate yet few people realize how critical it is to our economy. Thanks for the comments!

So...have you updated the Wikipedia page... ;) Does Edmonton (or Alberta, for that matter) have a higher than average amount of Industrial space? Or is it on par with similarly sized cities?

@@JarridHolscher I'm not allowed to wield wikipedia-editing powers haha! Edmonton is definitely an industrial town having more than double what Ottawa has (using another similar sized Canadian city). By contrast though, Chicago has more than 1 billion square feet, dwarfing our market 10 fold!

I truly appreciate that, thank you! It's funny how industrial has always been considered a boring asset class but will likely outperform other commercial real estate classes for the foreseeable future. Heading over to your channel shortly too!

Thank you!

Thanks for watching! Coincidentally I was just watching an excel tutorial this afternoon, I'll head over and check out your channel!

@@industrialize Awesome, thank you!

Appreciate your support Christian!

Thanks for the nice feedback Danielle!

I appreciate that Yasin!

Glad it was helpful Brayan!

Thanks Regina I'm glad to hear the videos are helpful! Also great to hear industrial was finally added!!

Thanks John and welcome to the industry!

Is your goal to become a broker? If so then yes I'd get started on your license. You'll just need to check with your state / province on the licensing requirements. Some have more cumbersome requirements than others but it is a relatively short and easy process. I interviewed Richard Ash (former NFL player) about how he got into brokerage and he provided a number of great tips: ru-vid.comAjIA8bYiDS4?feature=share

@@industrializethank you!

@@industrializeyes I will probably start with trying to be a broker. I am open to other things the more education I get on it. I subscribed to your channel so this is only the beginning. Thanks

Industrial brokerage is a fantastic career and it's a natural springboard to get into the investing side as well

100% agree!

Have you tried Reonomy.com?

I started out in residential myself, but switched after a year and it was the best career decision I ever made. Starting in residential can be a good foundation, but most commercial brokers start right into commercial. It is hard to make the switch, but if you have a gameplan I've proven that it's doable. To get into commercial you'll want to talk to as many brokerages as you can and see where would be the best fit. Some will require you to do a 2 - 3 year assistant / mentorship program whereas others will allow you to be an agent right from the beginning. The assistant program will usually come with a small salary, whereas starting on your own will have no salary (but no ceiling either). One thing I've repeatedly observed over my career is that the brokerage plays a pivotal role in the agents success. I've seen a lot of really good people quit because they didn't get the help and support they needed whereas others have thrived.

@@industrialize thank you for the info!

@@TheRealKingWil good luck with whatever path you take!

@@industrialize in your opinion would the assistant program be better than being an agent right from the beginning?

@@TheRealKingWil they both have pros and cons but I believe an assistant's program is the best choice. It will take 1 - 2 years to be comfortable in the business either way, so being able to learn under experienced brokers while being paid a small salary can set you up for a successful career. The only thing I'd add (and stress) is to make sure you select the right brokerage and the right team / mentors. Make sure both are committed to seeing you have long term success and have a plan in place for you to get there. The last thing you want is to join a team where they only see you as an assistant, not a future broker.

I'd find a local broker that can help you out. If I can help make an intro to someone in your market just shoot me an email at griffithscre@gmail.com.