BY THE NUMBERS
LOUISVILLE—The Louisvilleindustrial market experienced 463,977 square feet of positive netabsorption during the final quarter of 2016, according toCBRE. The overall vacancy rate increased 60 bps to6.4%, though the availability rate remained unchanged at 7.8%. Therise in vacancy was primarily due to the closure of a manufacturingplant near the airport, a new vacancy in a 300,000 square footdistribution center in the Riverport submarket, and the addition ofa 426,450 square foot speculative building in the Southern INsubmarket. Another speculative building near the airport was leasedprior to its completion this quarter, adding more than 645,840square foot of positive net absorption to the market.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
