Weekly News & OBP Perspective

February 24, 2011

This week’s perspective is provided by Jeff Bender:

Last week, Tom Powers and I met with a number of national and global industrial investors.  We both left those meetings with renewed optimism for the amount of capital in search of industrial properties this year.  Of course, market fundamentals remain critical but generally, most believed that the market was at the bottom with recoveries in lease rates and terms on the horizon.  And one major REIT executive predicts new speculative product in 2011.  “In certain markets, there aren’t any large buildings available.  Of course if we all come out of the ground at the same time then it could get ugly.  So, we want to be first!”  It’s been a long three years so I say, “Bring it on.”

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