A Strong Industrial Sector
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GlobeSt.com is partnering with SIOR for its†Spring World Conference May 1-4 in Palm Desert, CA. SIOR LIVE will provide coverage of the event until May 15, featuring pre-event articles, live video interviews on site and post-conference analysis.
CHICAGO-SIOR's Mark Goode tells us about the importance of the organization, and what people will be talking about at next week's show. The Venture One exec is also very candid about the industrial market.
GlobeSt.com: What is the importance of SIOR to you and the organizationís members?
Matt Goode: Iíve been a member since 1980 and have attended at least two meetings a year. Iíve missed only three of them. It builds relationships and knowledge. Iím a believer that you get out of something that you put into it. I have relationships and friendships in about every major city and some of the secondary markets across the country. Over the years itís been a significant benefit for wanted to do new ideas and concepts in our business.
GlobeSt.com: What will people be talking about this year?
Goode: Itís a continuation of the industrial growth in the United States as compared to the global growth of the industry. There is a resurgence of manufacturing and production in the United States. Part of that is because of the growth in the Far East in the middle class area, and theyíre able to acquire some of the items that are built there. Now those companies are realizing that youíre better off building near your major client base. So your shipping is not as big as an impact.
GlobeSt.com: Youíre in Chicago. How is that industrial market doing?
Goode: Over the last 18 months, weíve bought 22 buildings. Weíre acquiring significantly in the Chicago area. The majority of our buildings that we buy make things or design products. We own over 1,000 acres throughout Chicago, and we are looking to do build to suits. We see that improving as the vacancy in Chicago decreases and space gets absorbed.
Join us at the Ontario Convention Center for this half-day conference where our town hall panel will cover the market trends and provide an outlook for what to expect in 2014. Hear from our development panel on where the best opportunities lie and from our industrial experts on what's hot in this dynamic sector at RealShare INLAND EMPIRE on January 28th.
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