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By all accounts, the recovery in the industrial market has mirrored that of the US economy. That is, it’s on a gradual incline, with moderate upticks in demand, absorption, occupancy and, yes, even rents. And things are set to pick up next year, if recent trends in consumer behavior and companies’ post-Panamax planning are any indication.

Craig Meyer, Jones Lang LaSalle’s Los Angeles-based head of industrial brokerage, describes the market as “continuing to chug along.” Of the markets the firm tracks, four out of five are reporting positive absorption, and overall vacancy is continuing its gradual decline. Some markets, he adds, are even seeing rental growth.

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