By Careena Dudic
I am very pleased to provide our newly published Industrial Quarterly Report, just completed by our Industrial Research group. The work is impressive and its findings continue to demonstrate that growth in this asset class has been, and is expected to remain, strong.
U.S. industrial markets absorbed 74.9 million square feet (MSF) of space in the third quarter of 2016, up 29.1% from the third quarter of 2015. This propelled year-to-date net absorption to 212.9 MSF, up 17.9% from the same period a year prior. The industrial sector has now registered 26 consecutive quarters of net occupancy gains with the Q3 2016 absorption reaching a new cyclical high.
The data noted in this quarter’s report is actionable for both landlords and tenants—both sides of the coin should benefit from time spent reviewing these findings.
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