Realty411 Magazine A Spotlight on Charles and Lena Sells | Page 82
DISTRIBUTION CENTERS, WAREHOUSES, MANUFACTURING, AND OTHER UGLY
DUCKLINGS USED TO TAKE A BACK SEAT TO GLOSSY OFFICE BUILDINGS AND
GORGEOUS NEW APARTMENTS.
O
ver the last
decade the
market has been
flooded with
these beautiful
buildings, but this increased
interest has resulted in these assets
being overvalued and over built in
the last few years. Meanwhile,
industrial assets, in all their forms,
are coming out as beautiful swans
for both real estate investors and
corporate occupiers. Low vacancy
rates and high demand for
warehouse space are forming
perfect conditions for the sector in
2018, according to experts.
"Ecommerce activity is really
driving the industrial sector's
success," said Craig Meyer,
President of JLL's Industrial group,
Americas. "It represents around 9
percent of total U.S. sales, and
experts predict this could reach
nearly 14 percent in the coming
years. These figures, along with a
strong global economy, indicate
that demand for industrial space
will only increase in 2018."
Meanwhile, according real
82
estate research firm Real Capital
Analytics (RCA), the industrial
sector, seeing gains from rising e
commerce sales and the resulting
need for industrial facilities, was
the only commercial real estate
sector last year that saw an
increase in transaction activity
from January through December.
www.tomwilsonproperties.com
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