RCA in the commercial property press:

Rising Demand for US Industrial Space Drives Sector's Investment Sales

PR Newswire reports: Following the news that demand for office space and apartments rising, it has been reported that the industrial sector’s inventory is being leased up as well. PR Newswire recently cited a report put out by Cassidy Turley that covered the positive direction for demand in industrial space, and quoted Cassidy Chief Economist Kevin Thrope as stating that, “The current pace of net demand for industrial space is on par with activity experienced during the robust real estate years of 2005 and 2006.”

Cassidy’s report on the industrial sector’s recovery from the downturn also included statistics aggregated by Real Capital Analytics, which registered $1.8 billion in industrial investment sales during May 2011. This was up from the previous month, and 78% higher year-over-year.

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Posted by: Nina Turner

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