For the real estate market, we think this environment will continue the trends we’ve been seeing in the office and industrial markets this year. On the office front, weak job growth translates to weak demand. Rent should remain flat. There may be built to suit opportunities for larger firms that there will be minimal spec developments.The office markets continue to firm up, we think, over the course of 2012. Industrial markets are more active. Retailers, consumers products, food products and logistics firms are looking for mid to large sized bases. Certain industrial markets have tightened and there is the beginning of select upward rent pressure.
Liberty Property Trust's CEO Hosts 2012 Earnings Guidance Call - Event Transcript
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