Jan
07

Demand for Columbia Industrial Space Increasing

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The Midlands should see an increased demand for office space, industrial properties and distribution facilities in 2012, according to a commercial and industrial real estate forecast by Grubb & Ellis Co.

In its annual forecast, the company also projected greater investment in office and industrial products, but added that volume will remain highest for multiple housing complexes.

“In Columbia, most financing was limited to owner-occupied properties over the last four years, but that is changing,” the report said.

While the economic recovery has been sluggish across the South, Grubb & Ellis’ survey of local business conditions showed some improvement in the office and industrial real estate markets.

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