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Chicago & Midwest  + Illinois  + Industrial  | 

U.S. Industrial Market Maintains Record-Breaking Pace

U.S. industrial markets absorbed 53.8 million square feet of space in Q1 2017, a level well above the quarterly absorption average of 49.3 million square feet experienced during the current economic expansion. The latest industrial market report from Cushman & Wakefield found that absorption is also significantly higher than the average quarterly absorption of 40.6 million square feet registered during the last two economic growth cycles.

Cushman & Wakefield’s John Morris says the outlook for the industrial sector remains promising, and he expects 2017 to be another year of solid growth.

Key report findings included:

  • National industrial vacancy rate continued to decline in Q1 2017, falling 20 basis points from Q4 2016 and 80 bps from a year ago to 5.3%
  • Industrial vacancy is now a full 300 bps below the 10-year historical average of 8.3%
  • Vacancy rates declined or held firm during the quarter in 51 of the 79 markets tracked
  • Strong leasing fundamentals have driven vacancies for each industrial product lower than at any point in the last economic cycle


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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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