LOS ANGELES–Industrial's story for the last few years has beennothing but growth and then more growth. Now, new numbers fromCBRE Econometrics Advisors show that the distancebetween strong demand and what was once limited supply is beginningto tighten.

To be sure, net absorption continued to outpace completions inthe first quarter of 2018 but the gap has narrowed, it said in areport. Net absorption and completions over four quarters were 215million and 204 million square feet, respectively, meaning thatexcess demand was 11 million square feet — down significantly from100 million square feet in Q1 2017. Going forward, a strongpipeline will mean that the demand-supply gap will likely fluctuatearound zero, CBRE said.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.