Why POWER Is the New #1 Factor in Industrial Leasing

In this episode of The Industrial Real Estate Show Chad and Steve Kapp discuss why power — not rent — is now the first question advanced manufacturers ask when touring industrial space. Steve Kapp, Executive Managing Director at Newmark in San Francisco, breaks down why the East Bay has become the epicenter of a manufacturing and robotics boom, and what it actually takes to get a building ready for it. In this episode: Why East Bay industrial vacancy sits in a balanced 7-12%, with the tightest supply in 100,000+ sq ft buildings The minimum power spec advanced manufacturers now require — 4,000 amps, with room to triple it — and what it costs to get there Why data centers have become the industry's "new whipping boy" and are losing the PR battle community by community Why manufacturing output in the Bay Area is climbing even as manufacturing jobs decline every year since 2019 Connect with Steve Kapp: linkedin.com/in/stevekapp Connect with us: https://linktr.ee/industrialpodcast #industrialrealestate #CRE #advancedmanufacturing #datacenters #BayArea