Colliers today released its Q1 report profiling the North America industrial market. It demonstrates that the overall outlook is bullish for manufacturing, intermodal transportation, port activity, and thus for industrial real estate. The increase in specialized manufacturing has also translated into increased demand for industrial space.
In Q1 2012, there was positive net absorption in North America of 26.6 million square feet. Though Q1 demand for industrial space moderated vs. Q4 2011, industrial vacancy fell to 9.66%—the sixth consecutive drop in vacancy since Q3 2010.
To download a copy of the industrial report click here.
To download a copy of the previously released office report click here.