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Industrial Market - Spring 2014

Slowly our industrial market is climbing out of the doldrums.

Slowly our industrial market is climbing out of the doldrums.  Many of the bank-owned industrial properties have been purchased at prices as low as $30 per square foot when replacement is over $75 per square foot.  The next phase of recovery will be new construction followed by the sale of industrial buildings above replacement cost – our market will have then recovered.