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.
2/10/2011
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."
Project Announcements
Hoover Treated Wood Products Plans Fairfield, Texas, Wood Treating Facility
03/30/2023
EnerVenue Establishes Shelby County, Kentucky, Manufacturing Complex
03/30/2023
LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
Middle West Spirits Expands Columbus, Ohio, Operations
03/28/2023
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
03/28/2023
Canada-Based Epsilon Industries Plans Tuscaloosa, Alabama, Prefabricated Modular Utility Systems Plant
03/28/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Companies Are Recalibrating Their Priorities
Q1 2023
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023