According to Transwestern’s newly released national industrial report for the second quarter of 2018, 37 of 47 U.S. markets posted positive absorption for the quarter, and 43 of 47 posted positive absorption for the previous 12-month period.
Brisk absorption in the majority of primary and secondary markets has kept the national industrial vacancy rate low, with 30 markets recording vacancy at or below the U.S average of 5.0 percent.
“After a slow start to the year, we saw a sharp uptick in consumer spending in the second quarter, which boosted e-commerce activity and contributed to job growth in the trade, logistics and transportation sectors,” said Matthew Dolly, Research Director in New Jersey. “In markets where absorption cooled somewhat, the issue is not lack of demand but a wait for new construction to deliver.”
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