Colliers is pleased to release its Q1 2016 U.S. Industrial Market Outlook report. The report examines how the market continues to improve with lower vacancies, robust occupancy gains, and a record amount of new construction to quench increased demand from occupiers looking to modernize and improve their logistics capabilities. This led to a 1.5% increase in asking rents compared with the previous quarter. Of the 70 U.S. markets surveyed, over 63% expect industrial rents to rise in the coming quarters. 47% of the responders expect vacancies to tighten, with the Northeast region most bullish at 78%.
"While the economy faces significant headwinds including weakened domestic manufacturing and decreased worldwide trade, U.S. imports should increase with solid job growth and improved consumer demand," said Dwight Hotchkiss, National Director, Industrial | USA for Colliers International. "We expect the need for new, modern industrial space will be robust, keeping absorption positive for the foreseeable future."