The Environment and Performance of Industrial Real Estate

John Benjamin, Emily Zietz and Stacy Sirmans

Journal of Real Estate Literature, 2003, vol. 11, issue 3, 279-324

Abstract: This study examined over seventy industrial real estate research papers and categorized them according to: 1) property characteristics, 2) demand determinants, 3) rent and income determinants, 4) return and valuation issues, 5) environmental concerns, 6) international issues, and 7) management and financing concerns. The findings indicate that industrial properties tend to be segmented and clustered by use with greater demand for flexibility and smaller size, yet with reduced demand for warehouse space. Employment, age, and percentage of office space affect industrial rents while industrial land values indicate future rental rates. In addition, local market factors, physical characteristics and location affect industrial property values, but environmental contamination has an adverse effect.

Date: 2003
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DOI: 10.1080/10835547.2003.12090130

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