Article submitted by Mike Stinson, CCIM,  Sales and Leasing Agent at Saurage Rotenberg Commercial Real Estate

Written by Beth Mattson-Teig, CCIM Institute, Sep-Oct 2014.

Industrial brokers across the country have something in common these days. They are busy again. A steady demand for space and a hot investment market are driving transaction activity across the board, ranging from land and building sales to leasing transactions and development.

 “I think the national industrial market has improved pretty dramatically,” says Terry E. Smith, CCIM, SIOR, executive vice president and partner at Colliers International in Nashville. That improvement is evident across the country from major metros to smaller secondary and tertiary markets. “In some markets there is a lot of optimism, while in others there is more cautious optimism. But, I think everybody feels pretty strong about the market coming back and improving,” says Smith.

Bolstered by the improving economy, expansion is picking up across a wide variety of industries ranging from auto manufacturing and energy to food processing and third-party logistics. Nationally, the warehouse and distribution vacancy rate fell to 11.3 percent in second quarter, according to data from Reis Inc. Vacancy has declined by more than 50 basis points in the past year and is now 290 basis points below the cyclical peak of 14.2 percent that occurred in third quarter 2010, according to Reis.

To read this article in its entirety click HERE.

Mike Stinson, a native of Monroe, Louisiana, is a graduate of Louisiana State University (LSU). A real estate licensee since 2004, Mike specializes in the sale and leasing of commercial real estate. A Designee member of the Certified Commercial Investment Member Institute (CCIM), Mike’s other professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU Alumni Association, REALTOR Land Institute (RLI), an associate member of Louisiana REALTORS® (LR), and an associate member of the National Association of REALTORS® (NAR).

Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).