Scott Moe, an industrial broker with United Properties, says that small and mid-size companies are continuing to hurt. For instance, Mate and Gen-X Sports have both recently been forced to sell their buildings, Moe says. Business is hurting so much--one small pallet manufacturer told Moe--that one client has cut orders for pallets from $375,000 last year to $75,000 this year.
Some manufacturers, such as IMI Cornelius and Tyco, have moved their warehousing facilities to third world countries.
But there is reason for hope: ADC Telecommunications is done dumping large volumes of real estate back onto the market.
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