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Volume 1 - Number 1 | December 1, 2004
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TOP STORY: Stem Cell Measure Boosts California’s Biotech Prospects
By John McCloud
Industry experts believe California voters’ recent approval of a $3-billion stem cell research bond on the November ballot could spark a major surge of new biotech businesses in the Golden State—leading, obviously, to new laboratory and R&D development.
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MarketBeat
Third-quarter general industrial absorption totaled 341,010 sf, while year-to-date general industrial absorption is still negative at 430,824 sf of lost space…..Baltimore: Vacancy rate stands at 14%, while 635,573 sf was absorbed in third quarter…..Boston: Year-to-date absorption is in negative territory, with 1.08 million sf shed since the start of the year. Third-quarter absorption was 100,627 sf.
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INSIDER: Colliers International's Ross Moore
By John McCloud
As vice president and director of research for Colliers International, Ross Moore has his hands full keeping track of market trends across the globe.For the inaugural issue of Industrial Property Journal, Moore found time in his schedule to discuss the current state of the industrial market, which, in his view, is going through a positive turnaround.
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Rising Materials Costs Pound Industrial Developers
By David Johnston
After more than a year of steady price increases, higher building material costs, particularly for steel and cement, have apparently plateaued. And steel prices are likely to moderate next year as producers in the US and abroad plan to increase production. But the effects are nonetheless rippling through the industry.
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Market Watch: Las Vegas
By David Johnston
Some call it “overflow,” others call it “escaping.” And one broker says he “deflects” companies considering moving their industrial space elsewhere into this one. No matter which word you use, a growing number of industrial space end-users are moving to Las Vegas in search of low operating costs, heating up this city’s industrial space market and making some space difficult to find.
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