Industrial Market Still Hasn't Hit Peak

CHICAGO—As people in the commercial real estate look ahead to 2015, those in the industrial sector seem to be feeling especially optimistic. All of the signs point to a year of more robust demand, investment and construction. However, the shadow of the recession remains, experts say, and developers will remain at least somewhat cautious so they can avoid any chance of overbuilding, a problem all too common in the run-up to the economic collapse.

“I think developers are being wise and prudent,” Erik Foster, a Chicago-based Avison Young principal and the practice leader of the firm’s national industrial capital markets team, tells GlobeSt.com. “They are going to make bets where it makes sense.”