Industrial Players Gear Up for Another Great Year

LOS ANGELES—Industrial players are in the midst of experiencing another phenomenal year, thanks to strong market and economic fundamentals. To stay on top of these trends, highlight strong and weaker markets and forecast growth for the remainder of the year, NAIOP is gearing up for their annual I.CON conference on June 10-11 in Long Beach, CA. There, industrial players from across the country will come to discuss the outstanding growth, talk about where there is room for improvement and build lasting business relationships.

“Overall, I think the industrial market will perform very well, very similar to 2014, which was a phenomenal year in almost all markets. Most still believe that there is a tremendous amount of capital looking to be placed, which will continue to drive the market. Corporate users are still feeling confident about the state of the economy, and have made a decision to continue to consolidate smaller spaces into larger facilities and expand. For that reason, I think you are still going to see positive net absorption in most markets,” Lang Cottrell, regional director at Goodman Birtcher and the committee chairman for NAIOP’s I.CON conference, tells GlobeSt.com, adding that rental growth will vary depending on supply constraints in each market.