Report | North American Industrial Outlook - Q1 2014
Vacancy decreased by 30 basis points in just three months' time, and net absorption marked the strongest first quarter of this cycle. Speculative development is on the rise to satisfy tenant requirements, which is active across nearly all size segments.
Secondary markets are evolving as auxiliary hubs to the nation's gateway centers since they offer a one-day drive time to population centers, and, as industrial corridors, have development sites to accommodate big-box construction. At the regional-level, the Southeast is showing the signs of a promising year-in-the-making.
Space deliveries were notable in Mexico's North and Central markets, while developers are increasingly eyeing the Bajío region.
Canada broadened its international trade reach over the past six months by entering into a free trade agreement with the EU in October 2013 and South Korea in March 2014.
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