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U.S. Industrial Vacancy Rate Hits Decade High in Q3 2009, According to Colliers International.

Publication: PR Newswire
Publication Date: 29-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOSTON, Oct. 29 /PRNewswire/ -- The national industrial vacancy rate edged up yet again during the third quarter of 2009, hitting 10.5 percent. This represents a new high for the decade and marks the eighth consecutive quarter of increasing vacancy, according to the third quarter industrial report from Colliers International, the global real estate services firm. The cyclical low for industrial vacancies had previously stood at 7.9 percent; and from one year ago, the U.S. industrial vacancy rate has increased by 1.9 percentage points.

Industrial net absorption for the quarter measured negative 47.3 million square feet (msf). Although this is clearly not an encouraging sign, Q3 occupied space contracted by less than it did in Q1 and Q2, respectively. Year-to-date industrial absorption...



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