US Warehouse Demand Remains Resilient Despite Economy
Interesting article from CoStar. This release shows U.S. warehouse space demand remained relatively strong, despite the challenges of the US economy. Of course “strong” is a relative term. “Strong” these days means the market is headed back…albeit maybe not at the strength that will sustain a significant recovery that will affect strong absorption (thus increased pricing). That said it does appear that even the local markets are experiencing a sort of rebound, despite the challenges of the state and national issues. Sales and leasing of industrial buildings has increased over the last quarter, although (as you already know) many are worrying again about the double dip recession.
Enjoy the attached CoStar article! US Warehouse Demand Resilient in Face of Slowing Economy