Industrial sector shines in latest outlook for commercial real estate market
New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, chief economist and head of research at Ten-X Commercial, the nation’s leading online real estate marketplace. The drivers for industrial space include e-retail fulfillment and distribution, cloud computing and the proliferation of legalized marijuana. “From the demand side, the industrial space is firing on all cylinders,” said Muoio. The country’s current economic expansion is now one of the longest in history and economists are pondering just how much longer it will last.…
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