Brooklyn industrial yields — where the next basis lives
The borough's best basis is shifting away from obvious last-mile plays and toward operationally flexible, overlooked stock.
01
The easy last-mile trade is over
Pricing for clean, single-story logistics assets already reflects the demand story. The more interesting basis now sits in properties that require operational judgment rather than a simple cap-rate comparison.
02
What we are screening for
Small-bay industrial with multiple loading patterns can serve a wider tenant pool and absorb vacancy in smaller pieces.
- Clear heights above 16 feet
- Reliable power and legal manufacturing use
- Truck access that works at peak hours
- Floor plates divisible below 10,000 square feet
03
Underwrite the exit tenant first
Before pricing the in-place rent, identify who can physically occupy the building after the current tenant leaves. The depth of that future tenant pool is a better risk signal than a few extra basis points of going-in yield.
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