Industrial vacancy inching toward a cyclical low

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JLL Research just released its quarterly highlights of the U.S. industrial sector – here are some key observations:

  • Industrial markets nationwide have been quietly recovering for quite some time, demonstrated by 15 consecutive quarters of positive net absorption.
  • Now, nearly all U.S. markets are appreciating, and the national vacancy rate is moving closer to its cyclical low of 7.5 percent.
  • Based on intensifying market fundamentals, landlords (especially those of larger assets) are enjoying the gift of rent growth.

Read our Industrial Highlights, for a quarterly look at industrial leasing, sales and construction activity in the U.S. as a whole and here in Chicago.

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