10 YEAR VACANCY RATE

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10 YEAR VACANCY RATE

Source Society of Industrial and Office Realtors
12.7 BILLION SQ. FT. MARKET
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RECIPE FOR RECOVERY ADD 62 TO ABSORPTION, LET
DEVELOPMENT RISE 25
Source Society of Industrial and Office Realtors
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SIX LARGEST MARKETS
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KANSAS CITY/MEMPHIS/INDIANAPOLIS
SEATTLE/PORTLAND/TACOMA/CENTRAL AND N. CALIFORNIA
HARRISBURG/ALLENTOWN, PA
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BALTIMORE/ D.C. CORRIDOR
SAVANNAH
TAMPA/ORLANDO/JACKSONVILLE
LAS VEGAS/PHOENIX
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WHAT ARE THE DEVELOPERS UP TO?
GAINING LAND POSITIONS
JOINT VENTURING
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WHAT COMPANIES ARE ABSORBING SPACE NATIONALLY?
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WHAT COMPANIES ARE ABSORBING SPACE?
Tibett Britton 750K Toronto RR
Donnelley 650K Chicago TNT Logistics 700K Chicag
o BMW Logistics 300K Stockton, CA SYSCO
Foods 460K N. California DSC Logistics 1
Mil Chicago
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WHAT COMPANIES ARE ABSORBING SPACE?
Proctor Gamble 750K Toronto Liz
Claiborne 450K Allentown, PA Williams-Sonoma 1.4
Mil PA Crate Barrel 675K Exit 8A NJ
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INDUSTRIES TO WATCH
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WHO ARE SOME OF THE PLAYERS?
ING CLARION
DIVIDEND CAPITAL
TIAA
CALPERS
RREEF
AMB
LIBERTY PROPERTY TRUST
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WHY THE ACTIVE MARKET?
HISTORIC LOW CAP RATES
SCARCITY OF CLASS A PRODUCT
SURPLUS OF CAPITAL
LARGE PORTFOLIOS SELLING AT PREMIUM PRICES
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DRIVING INDUSTRIAL DEVELOPMENT
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DYNAMICS DRIVING THE MARKET

• Smaller Ports Poised for Growth
• Private Ports
• Inland Ports
• Exporting to China
• Mexican Ports

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DRIVING INDUSTRIAL DEVELOPMENT
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DYNAMICS DRIVING THE MARKET

• Intermodals
• Rail from Ports
• Rail from Mexico
• Rail-Served Distribution Buildings

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OTHER TRENDS AND OBSERVATIONS

• CONSUMER PRODUCTS/RETAIL DRIVING BIG BOX
  MARKET

• AUTO MANUFACTURERS DRIVING MANUFACTURING
  MARKET

• BUILD TO SUIT WILL BE UP IN MANUFACTURING
  BUILDINGS

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OTHER TRENDS AND OBSERVATIONS

• PAST WAS CONSOLIDATION THIS YEAR WILL
  INCLUDE EXPANSION

• SMALLER MARKETS RECIPIENT OF CONGESTED LARGER
  MARKETS

• SPEED-TO-MARKET DRIVING AIRFREIGHT BUSINESS

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HOW SIOR MEMBERS RATE FACTORS IN MARKET RECOVERY
Source Society of Industrial and Office Realtors
MARKET WILL BE GOOD IN 2005
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