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Encouraging Signs Begin to Emerge

Published Monday, December 01, 2003

After a three-year malaise, the industrial market appears to have turned a corner, according to developers and owners who report that corporate expansion is on the rise. The Big Three markets of northern New Jersey, suburban Chicago and the Inland Empire near Los Angeles are certain to lead the recovery, though smaller cities such as Atlanta and Dallas are likely to see robust construction activity in 2004. Clouding the prospects for the pace of recovery, however, is conflicting research data, which ranges from sanguine to gloomy. Cushman & Wakefield, for example, reports that the nationwide vacancy rate peaked ...

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