So we certainly escape with the split personality. On the one hand we continue to see leasing activity in our markets clearly stronger on the industrial side than the office side. But on the other hand today’s anxiety may translate into curtail 2012 business plans for our customers. And that’s what keeps us up at night. How this all plays out, we will take the next several months to see.Liberty’s plan in this environment is to be very active, very alert, and very adroit to respond to both the challenges and the opportunities that will arise. As I said, if we can advance our strategy in this environment we’ll sell more suburban office and acquire more industrial product. We anticipate more development built-to-suit activity given the large pipeline we currently have. The largest we’ve seen in three years. And we will be very, very selective with inventory development in the few discrete markets. Rob will explain on this in just a moment.
Liberty Property Trust's CEO Discusses Q3 2011 Results - Earnings Call Transcript
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