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Industrial Investment Weakens Despite Strong Fundamentals

Industrial activity remains strong in port and distribution hubs, with relative weakness around many manufacturing centers.

By John McCloud | Updated on April 15, 2008

WASHINGTON, DC-Industrial activity remains strong in port and distribution hubs, with relative weakness around many manufacturing centers, according to the latest commercial real estate report from the National Association of Realtors. Nonetheless, acquisitions are off as the credit crunch continues to hobble investment.

The organization says international trade continues to play a pivotal role in industrial real estate, with Los Angeles outpacing almost every other primary industrial market in terms of investment transactions due to the strength of its ports. In addition to Los Angeles, the areas with the lowest industrial vacancies include San Francisco, Tucson, Salt Lake City, Orange County, CA and Portland, OR, all with rates of 6.1 % or less. Los Angeles is expected to remain a landlord’s market for the next four to five years.

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