Industrial Property Outlook Improves

The outlook for industrial property is improving with more than a third of businesses planning to increase their leased space in the next 12 months. 

The Vaughan Constructions National Survey focused on businesses with more than $50 million turnover and staff of 100 people. The report’s findings included 53% of respondents reporting their business would improve in 2012 and only 10% saying they expected their sales to decrease this year. 

The best outlook was for the food distribution and manufacturing sector, but the survey also reported wide-spread demand for value for money industrial space.