Warehouse Markets Improve
Upbeat report from CoStar this past week. Coming off a strong finish in 2012, warehouse markets throughout the country have continued to improve at the beginning of 2013. 43 of the 54 markets in the US posted positive absorption. Even the weaker markets only had a combined 3.4 million sf of negative absorption.
Vacancy rates are down, rents are up and new construction is up. All good signs for a reasonably robust 2013!
See attached CoStar Group report: Warehouse Demand Strong