#371 - Jack Fraker - President, Global Head of Industrial & Logistics @ Newmark - Macro Overview of Industrial Real Estate

Jack Fraker is President and Global Head of Industrial & Logistics Capital Markets for Newmark. He is responsible for driving Newmark’s industrial & logistics business, primarily capital markets but also leasing. Jack has personally completed over 1,800 industrial & logistics capital markets transactions totaling 1.5 billion square feet | $85 billion in more than 60 U.S. cities, Mexico, Europe, Japan, and South America. He has also advised on approximately 12,000 acres of development sites and over 300 office/industrial leasing assignments. As a partner with other firms prior to Newmark, Jack was cumulatively involved in over 3.3 billion square feet | $220 billion in various projects. We discuss: The global state of Industrial real estate Development, leasing, and sales trends The Future of Industrial in Texas and Mexico We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Links Newmark Jack Fraker on LinkedIn Topics (00:00:00) - Intro (00:04:21) - Nokia ’94-’00 (00:11:20) - “Inventing” investment sales in the industrial world  (00:17:20) - How is industrial positioned globally? (00:20:56) - How is America viewed globally regarding industrial? (00:23:37) - Is it harder to close deals with foreign investors vs. domestic ones? (00:25:39) - What have you experienced in the market in the last 2 years? (00:32:52) - What does a good spec developer look like and what does a bad one look like? (00:38:28) - The pressure of AI on rents (00:39:54) - Mexico (00:41:57) - What does the future of Industrial look like for Texas? (00:44:38 - Development, leasing, sales, and TI (00:50:36) - What data do you pay attention to most when thinking about the industry? (00:53:19) - Retail-to-industrial (00:54:25) - Technology trends (00:57:51) - How do multi-billion dollar deals get done? Support our Sponsors Vesto: https://www.vesto.com/fort Better Pitch: https://bit.ly/42d9L0I Fort: https://bit.ly/FortCompanies Follow Fort on LinkedIn: https://www.linkedin.com/company/fort-companies/ Chris on Social Media: The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast Instagram: https://www.instagram.com/thefortpodcast LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts