By Dees Stribling | Multi-Housing News
The U.S. industrial sector continues to heat up, with vacancy rates at a 16-year low, according to a new market report from JLL.
The U.S. industrial sector has heated up over the last few years (without receiving the attention apartments tend to get), and now, JLL said in its most recent nationwide market report on the market, that conditions are increasingly favorable to industrial landlords. Vacancy is at a 16-year low, for one thing, while demand hasn’t slowed, as industrial and warehousing leasing expands.
Vacancy fell by 20 basis points to 6 percent in the second quarter of 2016, with JLL noting that despite an increase in new spec completions, higher pre-leasing rates have helped keep vacancies stable.
