Butcher: Lower energy costs are aiding industrial market

12/19/2012 | REIT.com

An improved energy market in the U.S. is bringing the cost of manufacturing down, said Ben Butcher, chairman, president and CEO of STAG Industrial, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. In general, industrial is performing well, he also said. "We have seen persistent recovery for the last couple of years," he said. "We've seen on a same store portfolio very good leasing activity and just good economic activity."

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