Newmark Launches Industrial Outdoor Storage Practice, Expanding Capabilities Across North America

Specialized advisors will serve owners and occupiers of industrial outdoor storage (IOS) assets, a property type whose rents have risen 123% since 2020, more than double the growth of bulk warehouse.

NEW YORK, Oct. 19, 2026 /PRNewswire/ -- Newmark announces the launch of its dedicated Industrial Outdoor Storage (IOS) specialty practice, a group of advisors designed to provide advisory, leasing, capital markets and occupier solutions for one of commercial real estate's fastest-evolving property sectors. The practice brings together specialists from across North America to advise owners and occupiers of truck terminals, fleet parking facilities, storage yards, industrial service facilities and related outdoor logistics assets. The group's services include integrated landlord and tenant representation services while working closely with Newmark's Industrial & Logistics Capital Markets business on investment sales, debt and financing, M&A advisory and sale-leaseback transactions.

"Industrial outdoor storage has evolved from a fragmented real estate niche into a critical component of modern supply chains and industrial operations," said Jack Fraker, President, Global Head of Industrial & Logistics, Capital Markets. "As IOS has become increasingly important to both occupiers and investors, demand for well-located assets has continued to accelerate, driving rent growth that has significantly outpaced traditional bulk warehouse space over the past decade."

Newmark's IOS specialists have advised on a diverse range of assignments spanning leasing and capital markets across major logistics markets nationwide, such as the sale-leaseback transaction of a 15-property, 1.53 million-square-foot national IOS portfolio. The practice group includes broker-advisors based throughout the U.S. and Canada, led by Executive Managing Directors Adam Petrillo and Jerry Hopkins, Senior Managing Director Reid Halverson and Managing Directors Steve Korfiatis, Mike Viehmann and Cam Warren.

"Whether supporting transportation fleets, construction and infrastructure companies, equipment operators or logistics providers, industrial outdoor storage facilities play an essential role in keeping goods and services moving," said Viehmann. Halverson added: "Newmark's dedicated IOS business delivers deeper market knowledge, stronger collaboration and broader access to opportunities nationwide. By connecting professionals across key markets, we can provide clients with insights informed by leasing, ownership and investment activity throughout the sector."

According to Newmark's Lots to Gain research report, industrial outdoor storage has emerged as one of the strongest-performing segments within industrial real estate. Between 2020 and 2025, IOS rents increased 123%, more than double the growth recorded by bulk warehouse properties over the same period. Midyear 2026 vacancy measures reveal IOS to be the tightest niche sector in the industrial market at 5.8%, far below the overall industrial market at 7.4%. Although the sector encompasses an estimated 1.4 million acres across the United States, the supply of well-located sites remains constrained by zoning and entitlement challenges, fueling investor demand and accelerating IOS' evolution into an increasingly institutionalized asset class. Growing institutional participation and increased investor interest further underscore IOS's evolution from a niche property type into a recognized industrial asset class.

"IOS has become a meaningful part of our capital markets business, and this practice allows us to integrate that work with agency leasing, tenant representation, owner-occupier solutions and corporate M&A advisory nationwide, giving owners, investors and occupiers targeting the sector a comprehensive offering," said Stephen Bailey, Vice Chairman and Co-Head of Texas Capital Markets.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark.

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