Colliers: U.S. Industrial Market Finishes 2010 on a High Note
According to a report of the industrial real estate market from the fourth quarter of 2010 by Colliers International, the sector rebounded at the end of the year and will continue to improve.
Areas experiencing significant acceleration in their industrial property markets included Charleston, South Carolina; Cincinnati; Dallas-Fort Worth; California's Inland Empire; Little Rock, Arkansas; New Jersey; Philadelphia; Phoenix; and Savannah, Georgia.
Asking rents for industrial space averaged $4.60 per square foot, a slight drop. But increasing demand for space, minimal new construction, and a vacancy rate of 10.74 percent (which is expected to drop) will put the sector in a strong place for 2011.
"The national industrial market has made a significant rebound and is positioned to meet, and possibly exceed, growth expectations in 2011," said Dylan Taylor, CEO for Colliers International in the U.S. "The fundamentals continue to improve, and barring any unforeseen events, we are confident that the industrial sector will have an extremely positive year."
Mercedes-Benz Financial Services USA & Olympia Development of Michigan Plan Farmington Hills Headquarters
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
What Makes a Successful Innovation District?
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
A Changing Food Manufacturing Industry
2017 Food Processing