Pacific Business Center Bell Calif

Pacific Business Center, Bell, Calif.

Rent Growth, Spec Development Expected for Industrial Sector in 2014

Experts at CBRE predict the surprisingly quick recovery of the U.S. industrial market will extend into 2014, with a lack of supply leading to further shrunken availability and an increase in rents.

In a recent report, the company said it expects the national industrial availability rate to fall to 11.2 percent next year, far from its peak of 14.6 percent in the second quarter 2010 and even down from the third quarter 2013 rate of 11.7 percent. Only 59 million sq. ft.

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