All major sectors are in good shape and growth continues to be strong, panelists said. There was no indication that the panic some industry pundits seem to feel is valid. Legg Mason Wood Walker's numbers point to fairly balanced markets in general.
Some suburban areas are, however, becoming overbuild.
This demand should result in industrial sector rent growth increasing about 6 percent this year. Fick went on to analyze the retail sector, where he said 25 out of 60 markets are oversupplied. Nevertheless, demand should be strong in regional malls, community shopping centers and factory outlet centers. On the other hand, community shopping has the best long-term prospects, because it fares well in all economic cycles and is relatively immune to Internet sales. And as any downtrodden REIT manager will tell you, REIT stocks are underpriced.