National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

National  + Industrial  | 

Industrial Market Sees Increased Absorption Activity in Secondary Corridors

Transwestern’s national industrial report for the second quarter of 2018 revealed that 37 of 47 markets posted positive absorption for the quarter, and 43 of 47 posted positive absorption for the previous 12-month period. Brisk absorption in the majority of primary and secondary markets has kept the national industrial vacancy rate low, with 30 markets recording vacancy at or below the U.S. average of 5%.

Transwestern researcher Matthew Dolly says, “After a slow start to the year, we saw a sharp uptick in consumer spending in the second quarter, which boosted e-commerce activity and contributed to job growth in the trade, logistics and transportation sectors. In markets where absorption cooled somewhat, the issue is not lack of demand but a wait for new construction to deliver.”

While leasing at coastal port markets such as the Inland Empire and New Jersey continued unabated, Columbus and Cincinnati, OH; Charlotte, NC; and Phoenix were a few of the secondary corridors that made the top 10 for absorption in Q2, further fueling the conversation about labor shortages in the warehousing, transportation and construction industries.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Download Transwestern reportConnect With Transwestern’s Dolly

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.