On the downside, Cushman & Wakefield of Texas Inc.'sYear-End 2009 Industrial Market & Submarket Statistics Reportnotes that absorption was at 1.8 million square feet during Q4.Still remaining in the pipeline is 626,130 square feet. Thequarter's vacancy stood at 12.5% out of a 508-million-square-footinventory.
Transwestern's Outlook for Q4 also shows negative absorption atslightly over one million square feet. Vacancy is just over 12%,with approximately 1.2 million square feet under construction andan inventory of close to 702 million square feet.
"We were hoping it would be slightly positive. We haven't had anegative net absorption in quite some time and we were disheartenedto see the year at a negative," Jean Russo, senior director withCushman & Wakefield of Texas Inc. tells GlobeSt.com.
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