As we fast approach what could be called ‘the election of a lifetime,’ many participants in the industrial real estate industry are asking the question, ‘Where is the market going?’ This is a loaded question that encompasses both short and long term considerations. As buyers, sellers, investors, tenants and landlords all evaluate their individual situations to make decisions, each must also consider the “big questions” of life such as, “Where are we from?” “What are we here for?” and “Where are we going?” You might wonder what these questions have to do with real estate. Well, in real estate life, this directly correlates to, “What has the market done in the past?” “What is the market doing now?” and “Where is the market going?”. Therefore, in today’s post we will take a preliminary look at these three phases to give ourselves some perspective and parameters for our decision making.
1) “What has the market done in the past?”
2) “What is the market doing now?”
3) “Where is the market going?”
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.