Industrial 2016 Outlook

Construction:
Five major markets will account for much of the 150 million square feet of space built nationwide this year, a drop of 6 percent from last year’s total square footage.

Vacancy:
Net absorption will exceed the amount of new space coming online, slicing the national vacancy rate 50 basis points to 5.9 percent, the lowest level this century.

Rents:
Property owners will continue to leverage growing space demand to raise the average rent 6.2 percent, exceeding last year’s gain.

FULL REPORT: Industrial Outlook Summer 2016