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Aaron Ahlburn

Managing Director and Senior Director, Research, JLL
Amy Gerber

Executive Managing Director, Business Incentives Practice, Cushman & Wakefield
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
Dan Levine

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

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

Partner, Crowe Horwath
Dennis Cuneo

Partner , Fisher & Phillips
Eric Stavriotis

Senior Vice President, Advisory & Transaction Services, CBRE, Inc.
Gregory Burkart

Managing Director and City Leader, Site Selection & Incentives Advisory , Duff & Phelps, LLC
H. Robert Boehringer, III

Managing Director, Global Location & Expansion Services, KPMG
Josh Bays

Principal, Site Selection Group, LLC
Joshua Wright

VP, Economic and Workforce Development, Emsi
Kate Crowley

Principal & Negotiated incentives Practice Leader, Baker Tilly Virchow Krause, LLP
Les Cranmer

Senior Managing Director, Savills Studley
Marc Beauchamp

President & CEO, The CAI Global Group
Margy Sweeney

Founder and CEO, Akrete, Inc.
Minah Hall

Managing Director, True Partners Consulting LLC
Paul Naumoff

Principal, National Director of Tax Credits & Incentives Advisory Services, EY Global/Americas
Scott Kupperman

Founder, Kupperman Location Solutions
Stephen Gray

CEO, Gray Construction

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.