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<br />I,e~clcpm. ~ s u1i~9 r,ay ~n all
<br />SI IllaI~F.t
<br />INDUSTRIAL
<br />CONSTRUCTION COST INDEX
<br />Per Sq. FC. July -December, 2669
<br />-.~
<br />i
<br />SHELL ~ TENANT
<br />BUIL6ING ~ IMRR6VEMENiS ~
<br />_._.i
<br />Industrial Market Faces 'Pause' as Users Wait to
<br />Become Mare Comfortable with Economy
<br />TENANTS ARE CAUTIOUS dt~n'i sti~ant to take u^ more ;pace th:m
<br />Foll~x~~ing [wo years of record--setrin~ they nerd. Some arc rc newiu~ rather
<br />absorption auct construction, decreas... thsrl rekx~atvi~. Tr1 ch~~ South~~~csr, users
<br />iv d~re 5,U(i(}- na 14,Q011 s .-i~. ~;ui~~e
<br />in vacan<1es ;u1d increasru,> rental r~ttet, `3
<br />the Ts°in Clues industrial mn;~kei is in tuuharaeteristlrallq' cho'~c<<i liCrnh: activitti~.
<br />.{ `'1~>atue.. as m:uly~ u,crs Bake a tiv:iit- Saxtallrr cotnpsnics ofic n f.xl thr, p:un
<br />Anil-see approach ~t~t.i.°n it comes to the more dt~rin~; ,1n c•:;ononz.ic: sltunp.
<br />c°c~onortrv.>lower,job :~i-owch .utc3 the ABSORFTI~N PLUMMETS
<br />residential doc~nttlru.
<br />Absoi ption dropped to ~U,864~ sd. Ft_ a[
<br />Compaui ~s associated ~s'ith residential reat~ ~71d tit»n I t ? lnilhon :yuarc trot at
<br />c:onsn:u~uorl traditiolialls, conrribitte mid-~~~c.u~. The [~in-theast and Sculthcu~~st
<br />ctrou~ to leasin,:~ ~c twit}' iii the inc'lnst~rial rePortrcl positlse .tbsot} Cron of x>~,51 i
<br />~n trl.ct, .n1d they 11 ti elttt t11r, p;liri oh s~• ft. end t>1,=}119 sq_ h r spECt1~ ~h. 'l~he
<br />South isC J cpot tcd ^e~ ttt~ "? 3~ S33 sq. ft
<br />the lac,~rslnE; shu~lp. Iitiro tlcor ua~ cusrlp.r- .
<br />flies dins n ized in thc~ Sr~rit.hr•,ist. Ses~e•ral and Gt.r NorC>>iGest, nc aut:~ 75.?'? / sq. ft.
<br />rnort~a~e ce,7mpanies ]eft the Sortthwest• 1 Jcar~trs ros~• to 1' (1':%h, prinlarih~ dur io
<br />Tide ccnnp;ulies closed acunss the ruetlc). netis~ coitstructiun deliti-ered ~~ith s~acan-
<br />:111 busine,ses ser~in,~ the hotrinlr, iri~lw._ ties. 111r \c,rths~est reported the ]aGt,est
<br />a~>,r air impact"'1• vacanrs ar. 9.9;5, fol.lo~~~ed b~~ the Sottth-
<br />~s:cst at 1194, the SoutheasC at 73.1`.'-4;, and
<br />rhtother t1 tul is to tm~ ttx rs partituiarly the Northeast at i 3.9°- ~.
<br />n 11k~r one ~, sn~;an t shorr:et I c i m le ttc s
<br />dui to rho, utzcertanutr ot~ thy: cconorny Odic, ss-art:h~ru_c t'nd1~d tale 4~ear ~~~id1
<br />cud its in'ipact cn'a their business. ~G~nants 10.9" ; vac;lnry' ;utd =}Q~.S8R sq. fr. of
<br /> • Vacancy Rate • VacancyRatew/Sublease INDUSTRIAL VACANCY --
<br />'.. 18 1o.S 1Ze 12
<br /> td.1
<br /> 1b r
<br />•
<br />
<br />14
<br />1 •
<br />13 •
<br />15.5 16.2
<br />15.2 • 13.5
<br /> .
<br />• 12.0 12.2 • 14.0
<br />• 13
<br />3 • i t`9
<br />13A 13A •
<br />
<br />' 12 .
<br />i1.0 ~ s
<br />•
<br />117 i2A
<br />,
<br />I
<br />10 • •
<br />• 10.6 t0.n
<br />101
<br />f- S
<br />Z
<br />~ 6
<br />d
<br />r 4
<br />z
<br />w
<br />t~
<br />2
<br />
<br />w
<br />0
<br />a.
<br />'. '97 '90 '49 '00 '01 '02 '03 'Ok 'OS 'Ob '07
<br />......... Source Ur -ted r'rcperties -.
<br />~~
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<br />h.. .. ~ ;(:C!
<br />10
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