West Coast Equity Group

Industrial

Industrial Market Update (and How Light Industrial is Becoming the New Retail)

Industrial real estate for sale Bellingham WAOn the national level, the industrial asset class is white hot right now, experiencing record low vacancy rates and significant sales volume on both a local and national level. Sales volume has also started to pick up due to a severe shortage of new starts (although there is a vast amount of new industrial construction underway which should alleviate some of the pent up demand in 2016). If you own or wish to lease industrial property here in either Whatcom or Skagit County, there are both opportunities and issues to be aware of. This article is based on an August 2015 talk given by René Circ, Director of Research – Industrial, and Manager of Industrial Portfolio Strategies at Costar, the commercial real estate industry’s leading provider of information and analytics. (more…)