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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: X Y Zebra who wrote (21892)7/1/2004 12:27:38 PM
From: MicawberRead Replies (2) of 306849
 
I was an industrial developer in New Jersey for 15 years.
I had no idea that industrial real estate was such a safe haven.

I guess that massacre back in the late 80's/early 90's was just a dream, as were the thousands of buildings whose keys were handed to lenders.

Industrial rents in New Jersey are just now approaching what they were in the mid 80's. The problem is that land costs are higher, building costs are higher, and clear heights on new buildings have increased from 24' to 32', further driving up costs.

I'd be interested to know what some of the unleveraged yields are on your holdings, and where they are.
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