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Industrial Market Forecast 2009-2010
Now is an excellent time to sell or upgrade your industrial property. National and local trends are indicate that with a diminishing supply of developable industrial land and with the global thirst for consumer based goods in countries like China and India, end users, developers and institutional buyers are entering the industrial market once again with strong momentum.
I anticipate vacancy rates to fall gradually by the end of second quarter in 2009 and asking industrial leasing rates to climb at a steady pace. With the rising cost of energy and current fuel prices, I believe that rail served industrial land will be of extreme value for our national and local transportation needs. In addition, I foresee technology and energy businesses continuing to grow and they will require more industrial space in Las Vegas.
Our strong brokerage network and client relationships offers access to such affordable rail served and industrial land in Nevada either for immediate build- to- suit or for a long term investment hold.Contact Art Farmanali, SIOR for more information: 702-363-7600
Published on August 12, 2008 · Filed under: industrial, market forecast; Tagged as: commercial, industrial, las vegas, real estate, trends
2 Responses to “Industrial Market Forecast 2009-2010”
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Agreed to you. the next is the technology boom involving multiple industries to manufactures different products. Also there will be trend for specialized products by an individual company i.e. each one will be producing some components and they will be assembled by other one. this will require more space means more land. And the lands having well transit facilities like rails, highways and others will take significant advantage.
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