Report: Demand for logistics real estate to grow in 2012
from DC Velocity
Demand for high-end industrial property used for logistics operations will continue to grow into 2012, leading to tightening capacity and rising rents until new supply hits the market later this year, according to a forecast issued by a leading real estate advisory firm. The vacancy rate for logistics facilities, which peaked at nearly 14 percent at the end of 2009, fell to under 11 percent two years later and is expected to dip into the single digits by the end of 2012, said Dallas-based Grubb & Ellis Co.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063