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​​​​Development levels continue to rise year-over-year

The industrial vacancy rate is now at its lowest level in more than 16 years, with indicators pointing towards continued sector growth going forward. Nearly 18 percent of all signed third quarter leases were new-to-market transactions as deliveries stayed on pace to beat 2015 levels. Four main markets accounted for more than one-third of U.S. absorption: Philadelphia, Dallas, Houston and Chicago.

Significant market indicators: 

 

Key takeaways: