JLL’s Valuation Advisory group has hired Katie Parsons as managing director and head of the industrial property sector, where she will focus on driving growth, building the industrial platform, enhancing the customer experience and providing value to clients.
Parsons has a track record of success in real estate valuation, strategic planning, business growth, economic modeling, consultation and advisory and portfolio execution and valuation. Prior to joining JLL, she co-led the national industrial valuation and advisory practice at another leading commercial real estate services firm, where she increased revenues and provided leadership and valuation guidance to more than 100 professionals in North America.
As the leader of the industrial sector, Parsons, who is based in Seattle, is primarily responsible for driving growth of the national industrial platform and managing client relationships along with recruiting and mentoring team members, managing risk and collaborating with technology and operations to improve the platform.
Even with industrial deliveries on the upswing, surging tenant demand has created a supply and demand imbalance, with supply growth unable to keep up with occupier and investor demand. JLL Research predicts rental growth for industrial will increase more than 8% throughout the year, depending on the market, due to rapidly aging industrial inventory coupled with fierce competition among tenants and investors.