Is Industrial Open Storage the next big opportunity in real estate? And why are investors waking up to an asset class hiding in plain sight?

In this episode of Bricks & More, host Adrian Strittmatter sits down with Andrew Smith, partner in the commercial division at Carter Jonas, to explore the rapid growth of Industrial Open Storage, also known as Industrial Outdoor Storage (IOS) and why rising demand, rental growth and limited supply are attracting investors to this overlooked sector.

Andrew explains how IOS has evolved from temporary land use into an increasingly institutional investment opportunity, supporting everything from logistics and HGV parking to EV charging and major infrastructure projects. They explore the economics driving the market, what determines the value of an IOS site, and why planning constraints and land scarcity are creating new challenges for occupiers.

Adrian and Andrew explore:

• What Industrial Outdoor Storage (IOS) is and why demand is growing across the UK.
• How logistics, HGV parking, EV charging and infrastructure projects are driving demand for open storage land.
• Why limited supply and rising rents are transforming IOS into an increasingly attractive real estate investment.
• How location, planning permission, site surfacing and services determine the value of an IOS asset.
• Why occupiers are seeking longer leases and greater certainty, rather than short-term solutions.
• How rental growth and yield compression are changing the investment case for IOS.
• Whether redundant industrial sites and former offices could be repurposed to meet growing demand.
• How the UK compares with the US and Europe, and what needs to happen for IOS to become a fully established institutional asset class.
• Why investors shouldn't underestimate the complexity of site selection, planning and development.

From the economics of open storage and the infrastructure supporting modern logistics to the potential for institutional investment and future market growth, this episode examines why Industrial Outdoor Storage is emerging as an important part of the real estate landscape, and what investors and developers need to know to seize the opportunity.

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