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AD Editorial Board

Bill Luttrell

Senior Locations Strategist, Werner Global Logistics, Werner Enterprises
Bradley Migdal

Senior Managing Director, Business Incentives Practice, Cushman & Wakefield, Inc.
Brian Corde

Managing Partner, Atlas Insight
Christine Bustamante

National Co-Leader, Global Location and Expansion Services, State and Local Tax, KPMG LLP
Dan Levine

Practice Leader, Location Strategies and Economic Development, Oxford Economics, Inc.
Dan White

Senior Economist, Moody's Analytics
Dean J. Uminski, CEcD

Principal, Crowe Horwath
Dennis Cuneo

Managing Partner , Fisher & Phillips
Eric Stavriotis

Senior Vice President, CBRE, Inc.
Gregory Burkart

Managing Director and Practice Leader, Site Selection & Business Incentive Advisory Services, Duff & Phelps, LLC
Jamie Lominack

Corporate Real Estate Manager, Michelin North America
John Morris

SIOR, Industrial Services Lead for the Americas, Cushman & Wakefield, Inc.
Josh Bays

Principal, Site Selection Group, LLC
Les Cranmer

Senior Managing Director, Savills Studley
Marc Beauchamp

Vice President & Partner, The CAI Global Group
Michael McDermott

Consulting Manager, Global Business Consulting, Cushman & Wakefield
Minah Hall

Managing Director, True Partners Consulting LLC
Scott Kupperman

Founder, Kupperman Location Solutions
Scott Redabaugh

Managing Director, JLL
Stephen Gray

CEO, Gray Construction
Thomas J. Stringer, Esq.

Managing Director & Practice Leader, Site Selection and Business Incentives Group, BDO USA
Tim Feemster

Managing Principal, Foremost Quality Logistics

Grubb & Ellis: 2011 Real Estate Forecast

Grubb & Ellis expects the industrial real estate market to generally improve in 2011, but fuel prices will affect the sector in unpredictable ways.

Grubb & Ellis

1/10/11

In a comprehensive forecast of the 2011 industrial real estate market, Grubb & Ellis expects gradual recovery to return to the sector's leasing market. Since the U.S. industrial market hit bottom in the second quarter of 2010 with a 10.9 percent vacancy rate, demand has begun to pick up due to a rise in consumer spending that drove demand for imports.

Vacancy rates dropped to 10.6 percent in the third quarter, and finished the year at 10.4 percent. Now markets such as California's Inland Empire are experiencing renewed demand, again driven by imports.

In 2011, the vacancy rate will hit an estimated 10.1 percent by the end of the year, and 9.3 percent by the end of 2012. And industrial properties in areas near transportation hubs (Chicago's O'Hare and Los Angeles' South Bay) will see user demand spike.

While recovery is expected to strengthen, the effect of fuel prices on expansions remains uncertain.

To see the full interactive presentation, visit Grubb & Ellis.