Developers plan spec industrial on heels of new deals: More big leases are expected in coming months
For months, local industrial brokers have reported an uptick in activity from potential tenants in the modern bulk-industrial market. With the start of the second quarter, tirekickers seem ready to sign on the dotted line. Three large-scale industrial deals in Plainfield kicked off the second quarter, prompting developers to release plans for more speculative bulk-industrial development this year across the metro area. “The activity in the first quarter is setting up the second quarter for a lot of closings,” said…