CHICAGO—Colliers International has just released its latest survey of the nation's industrial real estate market, and company officials could not be more optimistic.
“The industrial market has been on an upswing in a big way since 2012,” Jack Rosenberg, the Chicago-based national director for logistics and transportation, tells GlobeSt.com. “This is the strongest market for landlords that we've seen in 30 years.”
The 2015 Q1 North America Industrial Highlights Report shows that industrial absorption has hit a post-recession high. And strong economic fundamentals, including continued GDP and job growth, rising consumer optimism, and the growing demand from retailers for modern distribution centers, much of it driven by e-commerce, bodes well for the future.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
