Business park financial picture still favirs site seekers

Article Abstract:

Business parks have been adversely affected by the recession in 1992 but its state of better off than other commercial real estate ventures. Conway Data shows that business parks land values decreased by more than 1.4% per year from 1988 until 1992 but during the last year, the depreciation decreased only by 1.1%. This was attributed to increased demand for 1992 but analysts forecast poor land value appreciation in the next four or five years. Operators of business parks have been also forced to give higher than average concessions in certain regions such as New England, Middle Atlantic and West South Central areas due to the high vacancy rates.

Real estate agents and managers, Nonresidential building operators, Management, Economic aspects, Real estate industry, Business parks

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Chemicals, cars dominate in 1991 as giant facilities take global tack

Article Abstract:

Investments in 1991 facility development worldwide were ranked according to amount spent, employment generated and square footage. The most expensive facility construction was that of the Formosa Plastic Group, amounting to $3.4 billion. United Airlines Inc's $1-billion facility, which will be completed in 1994 and which will employ 6,300 workers with an average annual compensation of $45,000, was the leading facility in terms of employment. Fujitsu Ltd's 4.3-million-square-foot research and development facility was rated as the largest facility development in 1991.

Design and construction, Business enterprises

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Food products still no. 1, transportation tumbles in 1991 tally of U.S. manufacturing facilities

Article Abstract:

The food products industry led in terms of facility construction or expansion in 1991. The food industry saw expansion or construction of 221 facilities, a drop of more than 37% when compared to 1990 figures, but impressive enough to gain the number one spot. The other industries in the top five were industrial machinery firms, electrical and electronic equipment manufacturers, rubber and plastics firms and chemical products firms. In spite of the economic downturn in 1991, long-term and larger facility investments are still seen as more cost-effective.

FOOD AND KINDRED PRODUCTS, CHEMICALS AND ALLIED PRODUCTS, Electronic Components and Accessories, RUBBER AND MISC. PLASTICS PRODUCTS, General Industrial Machinery, Food industry, Plastics industry, Electronics industry, Industrial equipment and supplies industry, Industrial equipment industry, Factories, Chemical industry, Rubber industry

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