California Industrial Development Driven by Increased Consumer Confidence
http://www.allenmatkins.com/ucla
Signs of a recovering U.S. economy have led to increased consumer confidence and spending during the second half of 2014. Imports from Asia and Mexico through California ports of entry are on the rise. At the same time many brick and mortar retailers have experienced an increased amount of online purchases, prompting a need for more storage and distribution space. As a result, positive sentiment continues for manufacturing and warehousing space markets, with 70 percent of the panelists planning to begin new projects during the next 12 months.
Signs of a recovering U.S. economy have led to increased consumer confidence and spending during the second half of 2014. Imports from Asia and Mexico through California ports of entry are on the rise. At the same time many brick and mortar retailers have experienced an increased amount of online purchases, prompting a need for more storage and distribution space. As a result, positive sentiment continues for manufacturing and warehousing space markets, with 70 percent of the panelists planning to begin new projects during the next 12 months.
Creative Commons photo credit to Flickr user Don Graham
