Industrial Roundtable: Positive Signs Point to Improving Fundamentals
The industrial sector is as strong as any commercial real estate sector in the current economy, according to Cassidy Turley’s U.S. Industrial Trends Second Quarter Report.Nationally, the net demand for industrial warehouse space registered 21.9 million square feet in the second quarter, following a gain of 24.4 million square feet in the first quarter. Vacancy has been steadily trending downward for 12 straight months. U.S. industrial vacancy fell 20 basis points from the previous quarter to 9.3 percent. According to the Federal Reserve, industrial production increased 0.2 percent in June after having decreased 0.1 percent in May. For the second quarter as a whole, total industrial production increased at an annual rate of 0.8 percent.
There are positive signs that suggest industrial property fundamentals will cont