Industrial Outlook: Summer 2016
Industrial 2016 Outlook
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.
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.
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