Industrial markets nationwide have been recovering for almost four full years, with 15 consecutive quarters of positive net absorption. Last year marked a five-year net absorption high with 168 million square feet, and current forecasts suggest it could top 180 million square feet in 2014.
Demand is red hot in the “big logistics corridors” such as the Inland Empire, central Pennsylvania and Dallas, since (while being transshipment markets with robust infrastructure and access to the nation’s population centers) they also offer development sites to accommodate new construction. These markets will be on the high-end of rent gains.
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