{"id":1004152330,"date":"2016-09-13T05:16:46","date_gmt":"2016-09-13T13:16:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152330"},"modified":"2020-05-11T23:40:39","modified_gmt":"2020-05-12T07:40:39","slug":"economy-watch-leasing-activity-booms-for-industrial-sector","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-leasing-activity-booms-for-industrial-sector\/","title":{"rendered":"Economy Watch: Leasing Activity Booms for Industrial Sector"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004149276\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-tapped-to-lease-njs-kearny-point\/hud_kearny_kearny-point-industrial-complex-78-john-miller-way-5-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg\" data-orig-size=\"1280,853\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS REBEL T2i&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1449245165&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;15&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.025&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-5\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg?w=1024\" class=\"alignright wp-image-1004149276 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg\" alt=\"hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-5\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg 1280w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/hud_Kearny_Kearny-Point-Industrial-Complex-78-John-Miller-Way-51.jpg?resize=1024,682 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The U.S. industrial sector has heated up over the last few years (without receiving the attention apartments tend to get), and now, JLL said in its <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\/research\/capital-markets\/commercial-real-estate-investment-trends\/industrial\" rel=\"nofollow\" target=\"_blank\">most recent nationwide market report<\/a> on the market, that conditions are increasingly favorable to industrial landlords. Vacancy is at a 16-year low, for one thing, while demand hasn&#8217;t slowed, as industrial and warehousing leasing expands.<\/p>\n<p>Vacancy fell by 20 basis points to 6 percent in the second quarter of 2016, with JLL noting that despite an increase in new spec completions, higher pre-leasing rates have helped keep vacancies stable. Leasing activity for the big-box size segment (more than 500,000 square feet) was largely attributable to e-commerce and traditional retailers, with the two sectors representing nearly half of big-box leasing for the second quarter. The report added that leasing momentum through the end of 2016 will be driven by robust demand for warehouse and distribution space among retailers, e-commerce and transportation companies.<\/p>\n<p>Construction has jumped as well. Total U.S. industrial product under construction expanded by 7.3 percent in second-quarter 2016 to 193.6 million square feet, compared to 180.4 million in the first quarter.<\/p>\n<p>According to the report, the domestic markets with the largest amount of industrial space under construction include Dallas\/Fort Worth, at 22.9 million square feet; the Inland Empire at 20.7 million; Chicago at 18.3 million; Atlanta at 15.8 million; Philadelphia\/central Pennsylvania at 13 million; and Houston at 11.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. industrial sector continues to heat up, with vacancy rates at a 16-year low, a new market JLL report revealed.<\/p>\n","protected":false},"author":1269,"featured_media":1004149276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,23891,21742],"tags":[],"class_list":["post-1004152330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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