Search
 

Industrial Market Should Weather Slowdown, Cushman & Wakefield Says

CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.

By Mark Ruda | Updated on February 28, 2001

CHICAGO-The market’s diversity will help the industrial sector weather the current economic slowdown, says international real estate services firm Cushman & Wakefield. Meanwhile, industrial users and developers will continue to look to “new frontiers” beyond suburbia because of a shortage of land and state-of-the-art product closer to the city.

“Clearly, a slowdown will affect the market but it will not have as big of an impact in Chicago as it will in other areas of the country due to Chicago’s diverse business climate,” says Christopher Porter, a director in Cushman & Wakefield’s industrial technology group. “The people who are going to survive and thrive-—whether they are brokers, developers or investors—-are those who have remained focused on mastering the basics of their discipline within our industry and who were financially prudent.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.