Still, 2002 will prove challenging for the industrial market,the report notes.

"Unlike years past when the metro area benefited from explosivejob growth and strong net migration, the industrial market willbegin a new chapter as the market witnessed a reduced interest inthe number of new users coming to the metro area," according to thereport.

Slower growth means lease rates will likely soften and thesupply of available space will outstrip demand, according to thereport.

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
NOT FOR REPRINT

© 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.