Current Events in the World of Industrial Property
RENT GROWTH, What Do The Brokers Think.
27 Jun 2011 |
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Nobody knows the market for industrial buildings better than the industrial brokers. Therefore, in order to ascertain the future of rental rates, we decided to go straight to the source.
The majority of nationwide brokers project industrial rents to increase 3-5% within the next 12 months.
“Respondents in 28 markets expect positive rent growth. In addition, market statistics are starting to show rent growth for industrial properties and net effective rents will most likely outperform expectations.” (Grubb & Ellis Industrial Broker Sentiment Survey)
In closing, we at The O’Donnell Group, agree with the respondents in this survey. We believe the industrial real estate market has stabilized and will continue to improve nationwide.
Special thanks to Chuck Hunt at Grubb & Ellis for introducing us to Rene Circ, National Director of Research, Industrial for Grubb & Ellis
