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Warehouse Capacity, Availability to Remain Constrained in 2023

Cam KucicCam Kucic - Executive Vice President at Colliers | Indianapolis, was interviewed about the 2023 Indy warehouse market as a part of this article for ITS Logistics, LLC.

From the article on its4logistics.com:

"Warehouse pricing should begin to stabilize in 2023. We are starting to see some of the construction materials stabilize and lead times have shortened for some materials. The rental rates were increasing due to the large tenant demand and construction prices growing rapidly. Due to COVID and other disasters, companies couldn’t keep up to produce the materials needed. I don’t think we will see the rent growth that we have seen in the past as tenant demand softens and developers walk away from potential projects that they have under contract. Some materials are still hard to get like concrete, steel, switch gear and roofing materials, but hopefully these will stabilize in 2023."


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Cam Kucic

Executive Vice President

Indianapolis

Cam Kucic, SIOR has over 13 years experience specializing in Industrial Advisory Services, with heavy emphasis in Tenant Representation projects within an extensive area of central Indiana. His diverse assignments include manufacturing facilities, mixed office and industrial flex properties, build-to-suit projects, and the full range of warehouse and distribution requirements. Cam has also represented clients with out-of-market distribution / logistics ventures and has a solid understanding of multi-faceted elements required. He approaches each assignment with diligence and his bottom-line mindset enables him to optimize the value of his clients’ real estate transactions.

Prior to entering brokerage, Cam interned at Keller Williams Realty. During his in-depth internship, he was exposed to the entire scope of the brokerage experience from client prospecting and property showings to researching the market and assisting in negotiations and closings. 

While still in high school, Cam launched Cam’s Lawn Service and maintained a profitable operation for 7 years before deciding to pursue a career in real estate. As owner of his own company, he was responsible for company finances, marketing, employee supervision and coordination of contractors and subcontractors. He acquired invaluable experience in resolving problems and growing a strong client base. Cam now applies his entrepreneurial determination and leadership experience toward his real estate projects.

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