INDUSTRIAL SECTOR

1
INDUSTRIAL SECTOR

• 2003 Overview and Forecast for 2004

2
2004 Industrial Trends Committee

• Click to add text

Marc Barker, CCIM, SIOR, Chairman, NAI Latter
Blum Industrial Sales Leasing David Lakvold,
MAI, SRA, The Lakvold Group, L.L.C. Todd Pevey,
MBA, MIE Properties Branden Barker, Latter
Blum Property Management
3
Industrial RE Market 2003 Overview

• Continued in a downward pattern
• Petrochemical plants continued to suffer
• Slow Office/Warehouse leasing
• Industrial vacant space increased from 8.1 to
  10.8

4
Industrial RE Market 2004 Forecast

• Market improving over 2003
• Petrochemical plants production for plastic
  pellets increasing
• Lease rates and land values should remain
  basically the same

5
Prime Other Land Values
6
Industrial Inventory Vacancy Absorption
7
Iberville Business Technology Park
8
Sun Plus Distribution Center
9
Dow Container Yard
10
Hummel Property
11
Former Munson Property
12
Exxon-Mobil Distribution Warehouse
13
Sealy Company Baton Rouge 4
14
Wilson Warehouse 19
15
Wilson Warehouse 12
16
DSM Elastomers
17
Barringer Foreman Technology Park
18
Barringer Foreman Technology Park
19
Barringer Foreman Technology Park
20
Barringer Foreman Technology Park
21
Barringer Foreman Technology Park
22
The Renaissance Center (Maison Blanche)
23
Conclusion