Industrial Leasing Gathers Steam
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|The industrial manufacturing index has shown positive increases for the past 10 months. New Cushman & Wakefield industrial head Jim Dieter gave our NY reporter this assessment: retail inventories are being replenished to meet consumer demand, so companies that reduced footprints now need to expand again. Nationally, he forecasts positive absorption throughout ?11. And Atlanta? Continued expansion in the industrial indices will result in increased leasing activity this year, especially among distribution facilities attracting HQ relocations. No new spec development is expected in the near-term, and investment sales will gradually rebound, particularly among long-term net-leased properties. Watch for Jim to visit our market soon: a little over three months into his new position, the Chicago-based exec has already visited NYC, NJ, Philly, Baltimore, Orlando, Los Angeles, and Toronto (next stops are here and Dallas).|