I work in the Industrial Group of Grubb & Ellis Levy Beffort and I have noticed that there is quite a demand for industrial buildings 20k sf and up. The problem is that the inventory is so low that companies are left with the options of build new or renovate a functionally obsolete building. The first option raises the question to investors. With the high price of materials and land equating to higher rental rates. Is there a market of users willing to pay a benchmark rental rate to get what they want. And if so, How deep is that market? WHO ARE YOUR PROSPECTS???
I would ask you about the market since you are involved in it. Is there a market for new construction? Are there good metal building builders/developers in your market? Do you need a builder/developer for a particular site? Do you have a client who is in need?