CHICAGO—The industrial real estate sector has been gathering strength for some time, but many professionals throughout the US say a tipping point has been reached and the robust activity long seen in core markets has now spread to smaller cities.
The Chicago-based CCIM Institute just published its latest quarterly market trends report and about 69% of CCIM members surveyed, most of whom work in markets with populations between 1 million and 5 million, reported a higher industrial deal flow year over year.
"We have seen an increase every single year since the recession, and this year has been no different," Russ Webb, a managing partner at Silver Oak Commercial Realty in Southlake, TX, tells GlobeSt.com.
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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.
