Demand for Class A Industrial to Stay Strong in 2018
CHICAGO—The US industrial market may have slowed down a bit from the truly historic levels of new construction and absorption seen over the past few years, but demand remains quite strong, especially in a group of markets important to product distribution. And with the continuing rise of e-commerce, more companies will need ultra-modern distribution buildings in these key metro areas.
That is the conclusion of Bob Smietana, chief executive officer of HSA Commercial Real Estate, who in a just-released video provides a look ahead to the US industrial market’s prospects in 2018. The Chicago-based developer has been one of the most active in the Midwest region, and in 2017 it quickly found tenants for a collection of sparkling new distribution centers.