WASHINGTON, DC-Investors and developers remain optimistic about the industrial sector’s performance relative to other property types, according to the Jones Lang LaSalle’s 2008 Industrial Outlook Survey. The survey of developers, REITs, institutional investors, private investors and others was completed by planned attendees of the spring conference of the Society of Industrial and Office Realtors held April 24-26 in the nation’s capital.

Nearly a third (31%) of those surveyed predict the industrial property type will outpace other commercial property types by 75% or more this year. Others predict it will outpace other products but by a lesser percentage. No respondents expect industrial to lag other sectors.

According to Cary Krier, senior vice president of Jones Lang’s National Industrial Capital Markets Practice, the percent of advantage represents a general measure of fundamental performance rather than a specific metric. “The people being surveyed aren’t capital markets oriented,” he explains. “They’re thinking in terms of occupancies, rent growth and things like that more than sale values. It’s more a statement that industrial as a product type is seen as less risky than the others. It says rents are still going up and occupancy rates are still firm.”

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