The study, which looked at 65 transactions each over $1 million, found an average yield of 8.05% yield and an average price per foot of $85.15. The rest of the top five were Ventura, Calif. (8.58% yield / $75.76 price per foot), San Diego (9.25% yield / $91.06 price per sf), Orange County, (9.27% yield / $86.25 price per sf), and the San Francisco Bay Area (8.99% yield / $97.96 price per sf).

The "Top Buyers Markets," according to the report, were Columbus (12.00% yield / $29.75 price per foot); Philadelphia (11.25% yield / $36.39 price per sf); Houston (9.85% yield / $24.90 price per sf); Atlanta (9.99% yield / $33.99 price per sf); and Baltimore (10.00% yield / $42.43 price per sf.).

"At this time, many clients are looking for higher returns on their investments by selling industrial properties in regions like Seattle, Ventura and San Diego, and utilizing a tax fee exchange (1031) into markets such as Columbus, Philadelphia and Houston", according to David Frosh, President of Sperry Van Ness. "Serving clients in approximately 45 markets across the country, we have the knowledge to locate high quality properties in areas with higher yields."