Net Absorption of Industrial Space Could Reach 150 Million Square Feet in 2013
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Tuesday, January 29, 2013
In this article from the NAIOP Source - The U.S. industrial market is poised for significant growth throughout 2013 and 2014, with annual net absorption forecast to reach 150 million and 175 million square feet in 2013 and 2014 respectively, according to the NAIOP Industrial Space Demand Forecast. These levels are 50 and 75 percent above the net absorption figure posted for 2012 of roughly 100 million square feet, with robust growth attributed to reduced risk of a double dip recession and improving GDP and job growth.
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