Sound Off: Justin Dodd with NRG Realty Group

In this edition of Midland Times’ "Sound Off," we’re featuring insights from Justin Dodd, President and Managing Broker at NRG Realty Group. Our “Sound Off” gives real estate professionals the opportunity to share more about themselves, Midland’s market, and key trends that can inform and empower buyers and renters in making strategic decisions.

MT:  Given Midland’s constant growth and expansion, how do you see the city’s industrial real estate market evolving over the next few years?

Dodd: We expect demand to increase for high-quality core assets in premium locations. Emphasis will be put on consolidation opportunities where companies can reduce their footprint from 2 or three different facilities and move into one larger property to reduce costs and drive synergies between different divisions. These assets will likely be in prime locations along I-20, Highway 80, Highway 191, and FM 1788.