Michael Frankel

Co-Chief Executive Officer & Director, REXFORD INDUS REALTY

Search every verified Michael Frankel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Frankel, co-chief executive officer of Rexford Industrial Realty, discussed the company’s second-quarter 2025 results during its earnings call on July 21, 2025. He stated that lease terms held steady in the four-to-five-year range and noted an acceleration in early renewals, with year-to-date early renewals totaling approximately 1.1 million square feet, roughly double the amount recorded in the second half of the prior year. Frankel attributed this trend to tenants needing to secure space amid ongoing post-pandemic adjustments, though he noted that the impact of these adjustments varied across submarkets. He reiterated the company’s strategy of owning high-quality properties in the strongest infill markets and expressed confidence in its relative positioning. In earlier remarks from a February 2020 earnings call, Frankel said business conditions felt equally strong as they had a year earlier, with no signs of change in tenant demand. He also discussed capital allocation principles, emphasizing a focus on repositioning and redevelopment to achieve double-digit incremental returns while evaluating acquisitions. In a November 2015 interview, Frankel described growing demand and extreme scarcity of supply in Rexford’s Southern California infill markets, citing vacancy rates around 2% overall and below 1% in some large submarkets. He attributed tenant demand partly to e-commerce and the need for same-day delivery, and noted that the company’s focus on small- and medium-sized tenants provided insight into broader economic activity, which he characterized as robust at that time.