Demand for Industrial Space Gaining Momentum

Demand for Industrial Space Gaining Momentum

The industrial property sector is posting continuous gains, joining in on the commercial real estate recovery with low vacancy rates and rising rents.

According to preliminary second quarter numbers from real estate services firm JLL, the national industrial vacancy rate dropped to 7.4 percent, a level not seen since before the downturn. Rents are increasing in all markets, ranging from a reported 2.7 percent uptick in the Midwest to growth of more than 7 percent alon

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