JLL National Research just released its Q2 North America Industrial Outlook. It is reporting that industrial vacancy is now below a prior cyclical low, and will trend toward 7.0 percent by year-end. Rents are increasing as new development continues to play catch-up after 2010-13 marked a 50-year delivery low.
Rent growth is pronounced in those regions with vacancy rates well below the national average. Southern California, the Northwest and Southwest lead in year-over-year asking… Read More