JOC Staff | Jan 23, 2013 4:13PM EST
Demand for industrial real estate continues to strengthen, but modest economic growth will continue to affect the sector nationally for at least another year, according to commercial real estate services firm Cushman & Wakefield’s 2013-2016 Industrial Forecast Report.
“The U.S. economy remains stalled in low gear, and this may not change in any significant way until later in 2013,” said John Morris, leader of Cushman & Wakefield’s industrial services group.
Industrial real estate demand is rising in particular around the ports of the East and West Coasts, and e-commerce demand is also “creating a trend” toward bigger and more efficient distribution centers.