Industrial players are in the midst of experiencing another phenomenal year, thanks to strong market and economic fundamentals, says an article in the April 16 edition of GlobeSt.com.
GlobeSt.com interviewed Lang Cottrell, regional director at Goodman Birtcher and the committee chairman for NAIOP’s I.CON conference, and Thomas Bisacquino, NAIOP president and CEO. The article, in part, reads:
“Overall, I think the industrial market will perform very well, very similar to 2014, which was a phenomenal year in almost all markets. Most still believe that there is a tremendous amount of capital looking to be placed, which will continue to drive the market. Corporate users are still feeling confident about the state of the economy, and have made a decision to continue to consolidate smaller spaces into larger facilities and expand. For that reason, I think you are still going to see positive net absorption in most markets,” said Cottrell.
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