| Vacancy rates continue to decline in the U.S. industrial market spurred by demand for big box distribution centers, with Chicago recording the strongest gains in the first quarter of 2011, according to Jones Lang LaSalle’s Spring Industrial Outlook.
The national industrial property market recorded a drop of 20 basis points in the first quarter to finish at an even 10.0 vacancy rate. Activity has been most robust on the coasts, with California’s Inland Empire and the Philadelphia experiencing numerous large leases that have depleted their existing supply of quality, big box space..............................................Full Article: Source
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