DENVER—With 18 quarters of consecutive absorption and 7% vacancy nationwide, the industrial sector is going full steam ahead, said Craig Meyer, president of Jones Lang LaSalle Industrial, during NAIOP’s Development ’14 conference here earlier this week. Meyer moderated the panel “CEO Insight: Heavy Lifting of Industrial Real Estate,” which revealed where industrial executives see the market now and in the future.

Bill Hankowsky, chairman, president and CEO of Liberty Property Trust, said his firm’s business has “flipped from being a predominantly office company to a predominantly industrial company, so we’re trying to build out those sectors. Development is our goal now—not acquiring.” He added that his firm is building 500 million square feet of industrial product and is doing so “almost everywhere.”

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