Industrial real estate to rebound in ’09

The industrial real estate sector is forecast to recover quicker than the commercial office space sector will, according to a report in Cargo Business News.

   Citing a recent Grubb & Ellis 2009 forecast, the report said the year ahead will be a dour in the real estate market, but that the industrial sector -- including warehousing and logistics space -- will be more buoyant due to the need for companies to create supply chain efficiencies.

   In Grubb & Ellis’ Investment Opportunity Monitor’s 2009 rankings, logistics infrastructure was a clear indicator in terms of the locations, the CBN story said. Los Angeles stayed on top of the list due to the two largest ports in the Americas situated there, and tighter available, and developable, space. Other port cities on the list are Houston (second), Oakland and Seattle (tied for fourth), Miami (eighth), Portland, Ore. (ninth), and New Jersey (10th). Inland distributions hubs on the list are Atlanta (third), Dallas (sixth), and Chicago (seventh).

Source: American Shipper