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Industrial Sector To See ST Slowing, LT Growth

LONG BEACH, CA-Industry experts expect solid growth over the long haul, although a slowing economy could poke some short-term holes in the sector.

By Daniel D. Williams | Updated on November 29, 2007

(Read more on the industrial market.)

LONG BEACH, CA-Commercial real estate experts gave the industrial sector a bullish long-term prognostication at yesterday’s annual RealShare Industrial West conference, held at the Hyatt Regency. They pointed to a growing global marketplace and increased efficiencies in logistics among the many reasons for the optimism.

Admittedly, the industrial sector has held up relatively well in the wake of the credit crunch. According to Aaron Paris, EVP at Dermody Partners, rents up are significantly in some Western markets. “In Las Vegas, rents are up 35%,” Paris said during a Town Hall Meeting. “We’ve seen [increases] in Portland, OR and Tacoma, WA as well.”

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