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How to Find New Revenue in Old Industrial

LAS VEGAS-Thirty percent of the US stock is unused. But there's gold in them there spaces, or at least a decent ROI. So said experts at SIOR's Spring World Conference here.

By John Salustri | Updated on April 25, 2014

LAS VEGAS-According to Area Development Online, 30% of the US commercial and industrial space lies vacant, and some corporate users report that the cost to maintain that fallow space approaches $15 million annually.

Last year the Society of Industrial & Office Realtors and the Industrial Asset Management Council joined forces in a groundbreaking study on the re-use of that space, and found much untapped return potential. The results of that survey, of more than 60 corporate real estate executives in global firms, was the focus of a major event at SIOR’s Spring World Conference here.

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