SIOR CT/WMASS releases Year End 2016 Market Survey
The Connecticut and Western Massachusetts Chapter of SIOR has released its Year-End 2016 Market Survey. Chapter members continue to be optimistic about this coming year’s industrial market. The full market survey is attached but here are some highlights:
1) 50% believe industrial lease rates will increase in 2017.
2) 82% believe vacancy rates will decrease.
3) 54% predict increasing industrial sale prices.
4) Surprisingly only 30% believe new development will increase.
See attached report, including the latest UCONN scholarship recipients!