Randyl Drummer of Costar recently released the national industrial numbers. Industrial real estate vacancy for the third quarter of 2009 stands at approximately 10% with a negative net absorption of 44 million square feet (there are 44 million less square feet occupied).
Although Costar sees continued pain for the industrial market for the next two years, Industrial vacancy should peak around 11%; the worst is probably behind us. Some burn off of unneeded capacity will continue but development is at a stand still, hopefully creating balance in the market.
Although Costar sees continued pain for the industrial market for the next two years, Industrial vacancy should peak around 11%; the worst is probably behind us. Some burn off of unneeded capacity will continue but development is at a stand still, hopefully creating balance in the market.
To read an in depth analysis of the national industrial market please click here to see Randyl Drummer’s entire article
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