The outlook was positive at the Industrial Real Estate Summit (moderated by Ron Holmes). The 2011 summit was held at the Westin Galleria and attended by over 400 real estate industry professionals. Overall, the experts were cautiously optimistic and gave many insights into their reasoning behind their optimism.
Excerpts from the Bisnow report on the summit:
- “Trammell Crow Co managing director Scott Krikorian says DFW’s industrial market has hit bottom and is on the way back up. From a landlord’s perspective, he thinks another 12 months of that absorption may lead to some leverage.”
- “Hillwood Investment Properties VP Toby Rogers says when he looks at the most recent top dozen big deals, he’s pretty encouraged. They break down into three categories: consolidation, expansion, and new business (aka relocations), and all three are pretty evenly split.”
- Panelists predict spec building will trend back up, but will transform into smaller sites
- “Holmes firm principal Ron Holmes triggered a discussion on the impact of widening of the Panama Canal…” with emphasis on potential impacts on the Port of Houston, current cargo flows in Texas, and east coast ports in Charleston and Jacksonville.
To read more about the summit, click here.