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LOS ANGELES-According to a CBRE Group industrial report, speculative industrial development will become more attractive in 2014 due to rising rental rates, which are expected to increase by 4% this year.

During the recession, speculative building had declined as national rental rates for industrial properties dropped 20% on average. The result was the most dramatic decline in industrial development in the sector's history. At the low point in 2009, national industrial development fell to 81 million square feet, a 60% drop. The chart below shows the history of rental growth in the industrial sector.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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