MIAMI—The nation's industrial commercial realestate vacancy rate has hit a 15-year low. According toCushman & Wakefield's latest report, strongabortion in the fourth quarter of 2015 put occupancy gains amongthe strongest on record.
Specifically, US industrial markets absorbed62.9 million square feet of space in the fourth quarter of 2015.That's up 9.1% from the previous quarter and up 0.5% from thefourth quarter of a year ago.
All told, net absorption in 2015 reached 238.6 million squarefeet. That ranks 2015 among the strongest years of net absorptiongains since market research firms have been tallying the numbers.The national industrial vacancy rate fell 80 basispoints from the fourth quarter of 2014 to 7.2%.Industrial vacancy is now a full 220 basis pointsbelow the historical average.
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