DAYTON—The revival of the US industrial market, especially inthe Midwest, becomes more apparent with each passing quarter.Industrial developers in the Dayton metropolitan area, for example,one of Ohio's major manufacturing and distribution centers, nowhave 2.4-million-square-feet under construction, according to a newreport from Cassidy Turley, a Washington, DC-basedcommercial real estate services provider.
“The level of new construction has been on the upswing for thepast year or so,” Jarrett Hicks, a senior researchanalyst in Cassidy Turley's Dayton office, tells GlobeSt.com. “Andit's significantly higher than it has been in the past decade orso.”
A big portion of the new construction number comes fromPrologis breaking ground last fall on a1.8-million-square-foot distribution center for Proctor& Gamble in Union at the Global LogisticsAirpark. The company expects to finish the project byNovember.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
