Fed says industrial property sector lags.

Interesting piece in the Hartford Business Journal yesterday (see below). A report stating that the Fed believes the Hartford Industrial market lags other property sectors. Well, that’s saying something! You mean to tell me that the industrial sector lags the retail sector? Maybe that’s what the numbers say but I can’t imagine that this is the “real story”. Yes, we’ve seen a bunch of industrial product come on the market in the last 24 months. But much of that inflow has subsided in the last 60-90 days and, in fact, we are seeing more and more substantial activity (corporate planning, showings and, to a lesser level, deals). We’re not dancing in the streets just yet but we are clearly seeing a light at the end of the tunnel (and no, it’s not a train!).

Hartford Business Journal Article: Hartford Industrial