Written by Brian J. Rogal, GlobalSt.com April 3, 2013
NEW YORK CITY- More investors have begun to see industrial properties as safe bets and have even started buying up product in tertiary markets according to figures just released by Real Capital Analytics. The sales of significant industrials totaled $2.2 billion in February, an increase of 22% from the previous February, bringing the total for the year’s first two months up to$4.8 billion, up 26% from last year, the data provider found.
Most significant, perhaps, was that nearly $1 billion of this year’s volume occurred in tertiary markets, a 174% increase over the same two months last year. “Although still early in the year, the positive trend is noteworthy and it holds for both individual and portfolio transactions.”
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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).