This month we are featuring one of our top industrial property agents, Joel Valentine. As we dive into the mind of Joel, we see his strategies for navigating investment as well as the passion he has for the industrial market. Joel looks to take the Industrial sector by storm in the Central Valley as E-commerce thrives and demand for warehouse space is at an all-time high.
A Word From The Employee:
“I spent 10 years in the USAF in an Operations/Logistics capacity followed by 6 years managing multiple departments for Albertson/Safeway’s NorCal Distribution center located in Tracy, CA. I’ve always been fascinated by the industry and the endless opportunities CRE presents, and 2020 acted as a catalyst to make the jump full time with Northgate. With the growing ecommerce sector and the strong demand for warehouse space it presents an excellent opportunity to enter the industrial arena. Having a diverse background in logistics, distribution, and operations in various capacities, choosing a core focus on industrial product types was a logical decision. This firsthand experience will allow me to better advise our clients grow and expand their business while locating optimal assets to fit their real estate requirements. Over the last few years, the Central Valley industrial market has experienced tremendous demand and I expect that to continue. In San Joaquin County specifically, the average time on market is around 6.5 months and much less for submarkets like Tracy, CA. Over 4 million sq ft came to market over the last 2 years and an additional 2.8 million sq ft is currently under construction. With a variety of transportation options such as rail, road, air, and a large port located in Stockton the demand for industrial properties in the Central Valley should remain strong over the next decade.”