HOUSTON–Transwestern recently appointedMicheal Palmer to the company's tenant advisoryservices group as senior vice president. In this role, the 27-yearveteran will assist industrial property occupants. Over the courseof his career, Palmer has closed more than 1,100 transactions worthmore than $1.2 billion. In this exclusive interview, GlobeSt.comtalked with Palmer to get his thoughts on the industrial market,how it's changed and where it's headed.

GlobeSt.com: In your opinion what is the current stateof Houston's industrial market?

Palmer: All market metrics arepositive with many at historic levels. Vacancy has hovered at a 40year low for over 18 months, building values have never beenhigher, and demand remains strong. Further, investor interest isunparalleled, new construction has remained in check (so far), caprates are lower than anyone could have anticipated, and there isreadily available access to capital.