Industrial Demand Not Being Met
We asked Colliers International SVP Colin Alves (2013 SIOR broker of the year) where the industrial sector is heading this year. Supply of serviced industrial land will not meet demand, he says, while absorption of large-bay buildings (300k-plus SF) will continue to increase, institutional and private buyers will remain aggressive, and e-commerce will continue its accelerating growth. (Perhaps this Internet thing isn't a passing fad.) The US has a lot to do with it: We'll see continued expansion of US retailers and consumer product companies, driven by improving US automotive and housing sectors.