The industrial sector of commercial real estate is seeing steady improvement, according to an article in StamfordPlus by an executive vice president, Industrial Brokerage, U.S. Cushman & Wakefield. The amount of American industrial space leased in 2010, nearly 269 million square feet, was 16.5 percent more than the year before. Vacancy correspondingly fell to just over 10 percent.
Additionally, rents, which had been suffering, rose during the last quarter of last year. And from 2009 to 2010, industrial property deals rose more than 64 percent.
Given increased confidence, global trade, and increased investment, the industrial market is expected to continue growing, but this improvement is dependent on greater employment and the b geopolitical environment.b For more detail about industrial real estate in the U.S., visit StamforPlus.
If youb re interested in industrial or office properties in South Florida, contact Morris Southeast Group today. You can learn more about our services on our website.
Image: CoStar via morrissegroup.com
Tags: commercial real estate, industrial real estate, Morris Shoutheast Group, South Florida
