8 Electric Turns
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A podcast focused on the Information Technology workplace. We discuss career opportunities, education/training and the technologies used today.
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Are you a self-employed professional in the tech industry? Or have you wondered what it is like to be out on your own - instead of just a full-time employee? Each week we will cover some aspect of being self-employed or talk with professionals who are or have been. My goal is to help capture what it is like to be on a journey to the ultimate goal for an independent consultant: No Availability.
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Industrial Insights is a podcast that highlights the market dynamics, high level strategies, and in the trenches tactics for tenants and owners of industrial real estate. Each episode is designed to take hard fought wisdom from practitioners and break it down into insights that can drive better commercial real estate decision making. The host, Justin Smith, shares his experiences from 16 years in the business and brings in industry experts to discuss critical aspects of successful industrial ...
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Davide Pappa, aka “Dave K”, is taking the house music by storm as one of the most talked about musical talents to hit the scene in decades. At the 2010 and 2011 Winter Music Conference in Miami, Dave K headlined the Afrique Electrique/Maude34 party, playing to a packed crowd and solidifying his place as house music’s rising star. Born in Latina, Italy, Dave K is no stranger to the soulful, eclectic sounds of American music royalty. He grew up listening to legendary artists like Stevie Wonder ...
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Industrial Investment Lifecycle Insights with Chelsea Tamuk Levane
43:54
43:54
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43:54
In this episode of the Industrial Insights podcast, Justin Smith interviews Chelsea Tamuk Levane from Cabot Properties. Chelsea shares her journey from intern to overseeing the West Coast operations at Cabot, discussing the company's growth, market focus, and strategic decisions in the industrial real estate sector. The conversation delves into net…
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Ensuring Lease Alignment with Tenant Use with Chris Vassilian
9:04
9:04
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9:04
In this conversation, Justin and Chris discuss lease reviews and common issues that arise during the process. They highlight the importance of understanding tenant obligations, hold-over clauses, and the responsibility for maintenance and repairs. They also discuss the significance of aligning the lease with the tenant's intended use of the space a…
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Mid Market 2024 SoCal Industrial Market Update with Jesse Gundersheim
31:24
31:24
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31:24
In this episode of the Industrial Insights podcast, Justin Smith interviews Jesse Gundersheim of CoStar to discuss the Q2 stats for Southern California Industrial. They cover topics such as leasing activity, vacancy rates, deliveries, and the impact of e-commerce on the market. They also touch on the sales market, cap rates, and the correlation bet…
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Scaling An Industrial Real Estate Portfolio with Michael Bucci
56:34
56:34
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56:34
Michael Bucci, an investor in the industrial asset class, shares his journey and approach to investing in industrial real estate. He focuses on value-add properties for warehousing and distribution, with a preference for multi-tenant spaces. Bucci emphasizes the importance of understanding the market and the needs of the owners when approaching dea…
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Data Driven Supply Chain Modeling with Ralph Asher
32:38
32:38
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32:38
In this episode, Justin Smith interviews Ralph Asher, an expert in network design and optimization. Ralph shares his background working at Target and General Mills, where he focused on supply chain design. He discusses the challenges and opportunities of network design during mergers and acquisitions, as well as the importance of data management in…
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The Importance of Relationships in Value Add Industrial Real Estate with Eric Ruehle
26:43
26:43
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26:43
Eric Ruehle of West Harbor Capital discusses the company's background and their focus on the industrial real estate market. They specialize in value-add investments in the Southern California region, with a deal size of $10 to $50 million. Ruehle emphasizes the importance of relationships in the industry and the value of high barriers to entry, suc…
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Understanding Rental Rates and Market Conditions with Chris Vassilian
14:27
14:27
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14:27
In this episode of Industrial Insights, Chris Vasilian discusses tenant representation frequently asked questions. The two main topics covered are the need for office space with a small warehouse component and the decision between lease renewals and relocations. Chris explains the different options for combining office and warehouse space and the c…
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Full Client Service Support for Chinese 3PLs with Chris Vassilian
8:06
8:06
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Chinese 3PLs are increasingly leasing space in the Inland Empire, Orange County, and LA County due to the growth of manufacturing in China and the need for storage and distribution in the US. Despite initial concerns about the financial stability of these companies, many have honored their commitments and even received security deposit refunds. Lan…
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Condo Converations and Value Add Strategies with Rob Guthrie
1:04:58
1:04:58
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1:04:58
Rob Guthrie, founder of Guthrie Development, shares his experience in industrial real estate, specifically in condo conversions and value-add strategies. He discusses his background in real estate development and his specialization in small industrial buildings for sale. Rob emphasizes the importance of location and demographics when considering co…
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The Role of Data in Designing Storage Solutions with Michael Schulte
54:43
54:43
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54:43
In this episode, Justin Smith interviews Michael Schulte of Intralog about setting up a warehouse and the role of brokers in the process. Intralog is a material handling systems integrator that brings data-driven design to customers who may not have access to it. They discuss network optimization, which involves using mathematical optimization to m…
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Industrial Intelligence: Change of Ownership
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0:53
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At the most fundamental level, a change of ownership adds another party to the agreement that was not present during the initial negotiations. There are times when nothing changes except for the property manager and life goes on. However, a new landlord is usually a sign of change to come.By Justin Smith
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Industrial Intelligence: Fair Market Value Analysis
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1:04
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If you're an appraiser, tenant, or landlord involved in R&D industrial properties, this video is a must-watch! Unlock the insights that lead to successful appraisals and leasing experiences. Hit the play button now and subscribe to our channel for more industry expertise and advice.By Justin Smith
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Industrial Intelligence: Lease Administration
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1:16
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For companies operating ten locations or more, efficient lease administration is essential to keep track of crucial dates, financial details, rights, responsibilities, reconciliations, and option dates. In this video, we explore how lease administration software, a part of the thriving property technology (PropTech) industry, can revolutionize the …
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CAM (common area maintenance) reconciliations are a common practice in commercial real estate, but they can lead to surprising expenses for executives. In this eye-opening video, we shed light on the complexities of CAM reconciliations and how they can impact your bottom line.By Justin Smith
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Moving to a new place can be exciting, and we're here to help you make the most of it. In this video, we'll discuss the crucial steps you can take to enhance your experience and keep things running smoothly.By Justin Smith
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Industrial Intelligence: Specific Concerns when Moving Equipment
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0:59
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Moving machinery, equipment, and delicate lab materials require meticulous planning and preparation to ensure a seamless transition. In this informative video, we delve into the specific concerns and crucial steps you need to take when relocating such sensitive items.By Justin Smith
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Congratulations on successfully completing your move! As you settle into your new space, it's essential to address several crucial post-move housekeeping items to ensure a seamless transition. In this comprehensive video, we'll guide you through the necessary tasks to take care of after the move, so you can start fresh in your new surroundings.…
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Moving day can be a stressful and chaotic time, but with the right approach and organization, you can ensure a seamless transition to your new home. In this comprehensive guide, we reveal the key steps to orchestrate a successful move day and guarantee that everything goes according to plan.By Justin Smith
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As the big day approaches, it's essential to ensure every detail is well-organized to make the transition as smooth as possible. In this video, we'll cover crucial tasks you should focus on at the 30-day mark to ensure a successful move.By Justin Smith
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We'll discuss a comprehensive 60-day transition plan for businesses preparing to relocate their properties. Moving to a new location can be a complex process, and proper preparation is key to ensuring a seamless transition for both your employees and your operations.By Justin Smith
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In the process of transitioning to a new space, careful planning is crucial. Beginning 90 days before the move, considerations include securing machinery permits and certifications, bidding and selecting a suitable moving company, and addressing specialized needs for industrial equipment. Inventorying furniture, managing insurance paperwork, obtain…
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Industrial Intelligence: Upgrading Older Manufcaturing Buildings
1:59
1:59
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We explore the essential considerations when upgrading older manufacturing buildings to meet modern distribution needs. In Southern California, a substantial portion of available properties were constructed during the sixties, seventies, and eighties, making it crucial to adapt these structures for distribution purposes effectively. Join us as we u…
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Mastering Material Handling Dynamics in Industrial Real Estate
21:19
21:19
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21:19
In this episode, Justin Smith brings in Greg Hanoian from United Material Handling to delve into the intricacies of material handling, timelines, and considerations for setting up warehouses. Joined by Chris Vassilian, they explore the basics of material handling and its growing importance in client conversations. The discussion covers essential co…
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Industrial Intelligence: Job Walk with Contractors
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1:45
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We explore the crucial advantages of conducting job walks with general contractors and how they contribute to the overall success and efficiency of construction projects. Gone are the days when contractors simply show up, give a bid, and the project begins. As projects scale up in size and complexity, job walks play a pivotal role in the constructi…
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To succeed, it's essential to establish clear cost expectations from the outset. By fixing costs upfront, tenants and landlords can set the foundation for a successful construction journey. Learn about the critical role of good space planning and architect work in the early stages of a project. A pricing plan, combining architectural drawings and e…
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Navigating the Complexities of Supply Chain and Logistics
27:08
27:08
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Justin Smith welcomes John Haber, Chief Strategy Officer at Transportation Insight Holding Company to discuss the intricate world of supply chain and logistics, shedding light on the challenges faced by executives in the e-commerce and shipping sectors. Drawing from his extensive experience, John shares insights into the evolving landscape, touchin…
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Consolidation Challenges in Industrial Real Estate
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5:07
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Justin Smith and Grant La Bounty delve into the complexities of consolidation in the industrial real estate market. They discuss the challenges businesses face when managing multiple locations, especially when dealing with different lease expiration dates and landlords. They explore potential win-win scenarios, shedding light on market dynamics and…
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Industrial Intelligence: Expediting Permit Approval Process
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2:05
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Discover how cities' increasing understaffing and longer turnaround times have made permit approval a time-consuming challenge. However, there are actionable solutions to overcome these obstacles. One option is to invest in expedited turnaround times, which can fast-track your project. Alternatively, consider hiring a third-party expediter, someone…
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Industrial Intelligence: Private vs Institutional Tenant Improvements
1:32
1:32
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Private landlords tend to be cautious with their spending, holding onto cash until a tenant is secured. This can mean minimal upfront investment in preparing the space. On the other hand, institutional landlords take a proactive approach by investing in the space upfront, even without a confirmed tenant. This trend of increased institutionalization…
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Join Justin and Grant as they discuss the current market and the rise of sublease space.By Justin Smith and Grant La Bounty
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Industrial Intelligence: Different Conditions of Office Space
2:14
2:14
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Are you curious about the different conditions of office space found in industrial buildings? In this informative video, we delve into the implications of shell condition and fully renovated spaces. Join us as we explore the spectrum of office space conditions, from pristine Class A constructions to properties that have seen previous occupancy with…
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Negative Net Absorption and Lease Renewals
11:53
11:53
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This year's So Cal industrial theme is negative net absorption and lease renewals. What does this mean in the marketplace? Lots of impasses in negotiation. Slower velocity. Deals are still getting done, though! Class A lease rates are holding on by a thread. Great credit is worth an 8-10% discount on rates for many projects. Class B landlords are d…
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Industrial Intelligence: Entities on Lease Contract
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2:15
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Discover how to choose the right entities for lease contracts, whether you're a sole proprietor, startup, or corporation. CEOs and business owners, understand the importance of assessing whether the parent company or subsidiary should be on the lease. Financial complexities: Learn how corporate parents consolidate subsidiaries and the impact on lea…
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Industrial Intelligence: Tenant Improvements
3:18
3:18
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Join us as we delve into the complexities of tenant improvements and examine the essential factors tenants must carefully consider during lease negotiations to ensure their requirements are satisfactorily fulfilled.By Justin Smith
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Industrial Intelligence: Types of Lease Contracts
2:19
2:19
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Are you curious about the various lease contracts used in commercial real estate? Join us as we dive deep into the world of commercial lease agreements and uncover the advantages and disadvantages of two commonly employed contract types: fill-in-the-blank contracts and custom crafted contracts. In this video, we shed light on the importance of the …
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By Justin Smith
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Rent escalations or annual increases are common features in lease agreements, but have you ever wondered how these adjustments are determined? In this informative video, we delve into the factors that influence rent escalations and shed light on the market-based system that governs these decisions.By Justin Smith
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Industrial Intelligence: Renewal vs Relocation
2:04
2:04
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Considering lease renewal or relocation for your business? In this informative video, we explore the crucial factors you must evaluate before making a decision. Moving to a new building of the same size may seem tempting due to potential rent differentials, but is it truly cost-effective? Join us as we delve into the associated expenses and payback…
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Industrial Intelligence: Different Lease Types
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4:07
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Lease types in the industrial market can be complex and bewildering. In this informative video, we provide a comprehensive overview of the main lease types encountered, such as gross, modified gross, and triple net leases. Discover the key differences between these lease structures and how they impact tenant responsibilities and expenses.…
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Industrial Intelligence: Save the Best for Last
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1:11
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The age old question: Should you show the best property first or last?By Justin Smith
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Industrial Intelligence: Worth the Client's Time
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We discuss if the property is worth the time and effort of both the broker and the client.By Justin Smith
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Industrial Intelligence: Negotiating Strategy
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Whether it's in the world of real estate or any negotiation scenario, the power dynamic plays a crucial role. Discover how to identify who holds the leverage, who is in charge, and who possesses the ability to walk away. By gaining this clarity, you can set realistic expectations and gauge whether you are needed or if the other party requires your …
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Industrial Intelligence: Lease Expiration and Baseball Arbitration
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4:08
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Uncover the hidden details within lease contracts, such as the window of opportunity for exercising your option. Discover the typical timeframes, ranging from six to nine months or nine to 12 months, where written notice can be given. Dive deeper into the negotiation process, exploring the concepts of fair market rent and pre-negotiated terms. But …
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Industrial Intelligence: Strategies to Secure the Best Deal
1:58
1:58
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1:58
Join us as we take you behind the scenes and explore the world of off-market opportunities. We'll share the untapped techniques that go beyond the usual property listings. Discover how brokers dive into the hidden realm of off-market properties, unveiling gems that most people overlook.By Justin Smith
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Industrial Intelligence: Building a Timeline
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1:44
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Discover the key steps you must consider, with building a remarkable team topping the list. But wait, there's more! Find out about the crucial mindset required to effectively manage project timelines—flexibility.By Justin Smith
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Industrial Intelligence: Managing Multiple Bids
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1:12
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Discover the ultimate secret to successfully managing multiple vendors with conflicting interests during a project! In this captivating video, you'll uncover the game-changing strategy of having a designated "quarterback" to orchestrate the entire process. This quarterback, whether it's a specialized architect, an integrator, or a versatile project…
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Industrial Intelligence: Roles of External Employees
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2:39
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We explore the crucial roles of external employees, consultants, and vendors in shaping the success of a project. Drawing from real-life examples, we discuss the collaboration between asset managers, leasing brokers, contractors, and architects in achieving project goals. Additionally, we delve into the effective management of multiple competing ve…
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Industrial Intelligence: Essential Qualities in a Broker
1:09
1:09
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1:09
Discover the essential qualities that business owners should seek when hiring a broker. In this informative video, we explore the importance of finding the right fit for your assignment, personality, and team. Learn how factors like property size, location, and operational type come into play. Additionally, delve into the significance of a broker's…
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Industrial Intelligence: Misconceptions About Electricity
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5:47
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We delve into a crucial aspect often overlooked in building selection: power requirements. Join us as we explore the significance of power and its impact on leasing decisions for commercial spaces. Our experienced industry professional sheds light on the complexities surrounding power needs, debunking common misconceptions and providing valuable in…
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