U.S. industrial market sees highest level of investment activity since 2007

TRD MIAMI /
Feb.February 01, 2011 11:16 AM

Leasing and investment activity increased significantly in 2010, while vacancies began to decline from their peak, according to Cushman & Wakefield’s year-end report on the U.S. industrial market, released today. Leasing activity for the industrial market totaled 268.8 million square feet in 2010, up 16.5 percent from 2009.

The fourth quarter proved particularly strong, with 79 million square feet of leasing activity, an increase from an average of 63.2 million square feet leased during each of the three previous quarters. Twenty-three of the 34 U.S. industrial markets tracked by Cushman recorded increases in leasing activity year-over-year. Investments for industrial real estate also rebounded during 2010, as 99.9 million square feet of property traded hands, up 64.4 percent from 2009, and the highest level of industrial investment activity since 2007.

“These types of increases make it apparent that confidence is building on behalf of both users and investors,” said Jim Dieter, executive vice president and head of Cushman’s National Industrial Services. “Improvements in fundamentals provide a clear picture of recovery for the U.S. industrial market.” Increases in leasing put downward pressure on vacancy rates and the overall vacancy rate for the U.S. industrial market fell to 10.3 percent at the end of 2010, down from 10.6 at the end of the third quarter after reaching a high of 10.8 percent in the first quarter of 2010. Of the 34 U.S. industrial markets tracked by Cushman, 27 experienced quarter-over-quarter declines in vacancy. TRD


Related Articles

arrow_forward_ios
Ericka Witkowski

Former Cushman & Wakefield broker launches her own firm

Former Cushman & Wakefield broker launches her own firm
Ron Bergeron with 3310 Northwest 24th Street (Credit: Facebook and Google Maps)

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis
Cusano’s Italian Bakery at 6806-6814 North State Road 7 (Credit: Google Maps)

Cusano’s Italian Bakery buys out landlord for $14M

Cusano’s Italian Bakery buys out landlord for $14M
South Florida’s industrial market could benefit from the coronavirus pandemic

A safe bet: South Florida’s industrial market could boom after pandemic

A safe bet: South Florida’s industrial market could boom after pandemic
18770 Northeast Sixth Avenue

Miami warehouse leased to Southeast Frozen Foods sells for $31M

Miami warehouse leased to Southeast Frozen Foods sells for $31M
From left: Denny St. Romain and Jubeen Vaghefi

Movers & Shakers: Longtime JLL brokers join CushWake & more

Movers & Shakers: Longtime JLL brokers join CushWake & more
Armando Codina and his daughter, Ana-Marie Codina Barlick and Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park
The property and Jonathan Salk (Credit: Google Maps)

Liberty Property Trust sells Fort Lauderdale industrial buildings

Liberty Property Trust sells Fort Lauderdale industrial buildings
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...