Realtor Group Sees Rebound in Industrial RE

The industrial real estate sector is rebounding, and the office sector has stabilized, according to a report by the Society of Industrial and Office Realtors, Washington.The association's 2004 Comparative Statistics market data report indicates that the vacancy rate for industrial real estate held steady last year at 10.2%, while the office vacancy rate rose from 15.1% to 16.2%. Twenty-one office markets are in "serious distress," with vacancy rates of at least 20%, the report said. David T. Houston, president of SIOR and Colliers Houston & Co., said the report "reveals that a rebound has begun" for the industrial RE market, while the office market "has stabilized and should improve towards the end of 2004, if the current rate of economic recovery continues." The association can be found online at http://www.sior.com.