Distribution Facility Markets Tighten
The nation's leasing markets for distribution space are continuing to improve, according to the latest edition of U.S. Property Market Review, a market research report produced by distribution facilities and services provider Prologis, Denver, CO. The report compiles market statistics and describes industry trends for the nation's top 30 distribution markets.
"Market fundamentals keep getting better, with the national distribution market having entered into that stage of the real estate cycle where pent-up demand completely overshadows new supply and drives the vacancy rate lower," said Leonard Sahling, head of the ProLogis Research Group.
Key findings of the U.S. Property Market Review include the following:
- For the top 30 markets, the ...