Small-bay industrial insights & market intelligence
Industrial investing, off-market deal sourcing, and CRE market trends — written from the data.
Small-Bay Industrial Out-Earns Big-Box by 55% Per Foot — in the CMBS Loan Data
In CMBS-securitized industrial loans, small-bay earns 55% more NOI per square foot than big-box — $9.31 vs $6.00 — at the same occupancy and loan coverage.
America's Small-Bay Industrial Stock Is 43 Years Old — and Almost Nobody Is Building More
The median U.S. small-bay industrial building dates to 1982 — 43 years old. Only 7.3% of the stock is post-2015. A SpanVor study on why new supply froze.
Pennsylvania's Warehouses Went Up Before WWII Ended. Nevada's Before the iPhone.
Pennsylvania's median small-bay industrial building dates to 1940; Nevada's to 1996 — a 56-year gap. A SpanVor study of two industrial Americas by state.
Wall Street Doesn't Own America's Small-Bay Industrial — 92% Belongs to Everyone Else
Institutions own just 7.6% of U.S. small-bay industrial. A SpanVor study of 783,617 properties on who really owns it — and why fragmentation is the moat.
How Better Property Intelligence Improves Acquisitions
Generic CRE data tools were never built for small-bay industrial — and that gap is costing investors deals they never even see. Here's how better property intelligence changes acquisitions from the ground up: sourcing, underwriting, and execution.
Why Generic CRE Databases Miss Small-Bay Nuance — And What That Costs You
Generic CRE databases were built for institutional-scale transactions — not the fragmented, nuanced world of small-bay industrial. Here's why that structural mismatch costs investors real money, and what purpose-built intelligence actually looks like.
Why Shallow-Bay Industrial Is the Most Under-Analyzed Asset Class in CRE
Shallow-bay industrial is operationally durable and demand-resilient — yet it remains one of the most under-analyzed segments in CRE. Here's why the analytical gap exists, what it means for investors, and how purpose-built data changes the equation.
Stay ahead of the small-bay market
Insights on industrial investing, market trends, and off-market strategy — in your inbox.