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Warehouse activity indicates improved market

by thiryj

Warehouse activity indicates improved market

By Jim T. Ryan

 Sales, acquisitions and constructions in the midstate warehouse real estate market have increased in the past year, which some executives said is evidence of an improving climate

While many of the deals are for existing warehouses, there also is new construction for some of the first speculative buildings in Central Pennsylvania since 2008. That’s a symptom of improved confidence and an economy on the mend, executives said.

“I would say the market is definitely strengthening,” said Gary Frederick, senior vice president of Texas-based Hillwood Investment Properties. “If you take the whole market in aggregate, there’s a lot of development on the speculative market.”

Courtesy of the Central Penn Business Journal

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Warehouse activity indicates improved market | Central Penn Business Journal.