CHICAGO—Commercial real estate in the US had another strong year in 2015, and the industrial sector was no exception. And as experts look ahead to 2016, most believe that this progress will continue.
And the strength seen in for several years in most of the core markets, which has made industrial properties quite popular with investors, has begun to spread into the secondary or tertiary areas.
"I think that what we are beginning to see in many markets is tangible rent growth and tangible increases in occupancy rates," Erik Foster, a Chicago-based principal of Avison Young, tells GlobeSt.com. This should help bring in even more investment dollars to the sector.
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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.
