Industrial Market’s Outstanding 2015 Results

Fourth quarter positive net absorption totaled 2.3 million SF, driving the annual absorption total to an impressive 22.3 million SF. The fourth quarter vacancy rate decreased to 7.24%, down 70 basis points from the vacancy rate of 7.95% measured one year ago. Construction deliveries totaled 4.1 million SF during the fourth quarter, bringing the year-to-date total to an impressive 18.3 million SF. Projects under construction total 14 million SF.