A few local developers have capitalized on the market with smaller industrial buildings, usually ranging in size from 10-20,000 square feet. Here are four reasons why I believe the Lee's Summit market is finally ripe for some quality industrial development. Land prices are still reasonable. The costs of new construction have reached all-time highs, so inexpensive ground is always a good place to start. And you're lucky to have more than two or three sites to even consider.
Activity begets activity.
The office and retail segments have already made some strides in the Lee's Summit market. Townsend Capital's redevelopment of the 1.3 million sq. Summit Technology Campus should prove to be a catalyst for the entire submarket. It's even rumored the 142.000 square -foot Colt Technologies facility may soon be leased to a single tenant. CEO's actually live there.