Cushman & Wakefield released its Q3 2015 research findings this week, revealing that despite concerns about slower growth in China and increased volatility in the U.S. and global financial markets, the U.S. economy maintained its trajectory of steady and modest growth in the third quarter. The MarketBeat U.S. Industrial Snapshot report for Q3 shows industrial vacancy rates at their lowest level since 2007, with significant absorption and low vacancies, both of which are placing upward pressure on rents in most major industrial hubs.
"This has been a fairly healthy and long cycle," John Morris, logistics and industrial services lead, Americas, Cushman & Wakefield, told GlobeSt.com. But even though the good times have now stretched out for several years, "there is still a lot of net new development, much of it driven by e-commerce." According to the report, the economic environment in 2016 should support continued job gains, pushing the unemployment rate down below 5% and improving the outlook for the American consumer.
To read the full report, click here. For more news and information visit Blumberg Partners.
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