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Industrial Report

United States

Report | North America Industrial Outlook - Q1 2012

Summary

US market fundamentals sustained a consistent pace of improvement heading into 2012. Vacancy fell 30 basis points from the fourth quarter, as positive net absorption hit 25.3 million square feet, falling within a familiar band that marked late 2010 and all of 2011.
 
Conditions continued to tighten in Montréal in the first quarter driven by demand for distribution space, while manufacturing output increased as well. Parts of the west Greater Toronto Area continue to see heightened demand; specifically, it is newer product with larger availabilities that are garnering interest from users in the marketplace.
 
Activity was mainly driven by automotive companies who have brought their new plants to the Bajio and Central regions. Mazda, Honda, Ford, Nissan, Volkswagen and General Motors are the reason that vacancy rates in these regions are moving lower, pushing up rental rates and land prices.
 
Also new this quarter, we used a short video of our visual depiction of the Q1 2012 Industrial sector's performance. View video: http://youtu.be/q4Hz2l8o0KM

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