News
Industrial Uptick
July 14, 2010
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| The national industrial manufacturing index has increased the past 11 months, leaving new Cushman & Wakefield industrial head Jim Dieter ?cautiously optimistic? about the sector nationwide. The 35-year industry vet tells us that as customers require more product on store shelves, inventories are being replenished and companies that have shrunk their real estate footprints need to expand again. His forecast? An uptick in demand will lead to positive absorption throughout ?11. This may be good news for the overall economy if it leads to more manufacturing jobs that enhance the railroad and shipping industries. Good news for the economy, in turn should help consumers and boost industrial properties. |
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| Activity in the Boston industrial market, heavily dependent on medical devices, electronics, and consumer products, is likely to remain relatively flat throughout 2010, according to C&W?s Richard Ruggerio. But as these sectors gain steam, more leasing will follow. That will make rail accessible manufacturing facilities like 210 Grove St. in Franklin (above) attractive on the sale market, says Colliers Meredith & Grew's Chris Decembrele, who is marketing it. While sales have been sluggish since early this year, discount pricing and a loosening financial market have supported sales, especially those with attractive auction prices. Chris agrees that the industrial market will continue to show signs of improvement as manufacturing becomes more active. |
