While still few in number, value-add industrial opportunities are available across the country, no matter where a particular market is in its recovery cycle. According to GlobeSt.com, the key when looking for such properties is to know where each market lands in the cycle and how that affects what type of opportunity exists. Markets such as Northern and Southern California, Central Pennsylvania, Denver, Houston, and Kansas City have all seen solid and stable opportunities for industrial investors.
Other markets across the nation such as Chicago, New Jersey, Atlanta, and Baltimore have similar opportunities, but some barriers to entry. Markets such as those offer opportunities of varying type, risk, and potential return. Even historically rough markets like Las Vegas and Cincinnati, where vacancy rates remain high and demand has been low over the last year, have some good value-add industrial opportunities, albeit at much more risk.