The growth of e-commerce and a steadily improving economy are driving demand for industrial space and helping push industrial vacancy to record-low levels, particularly near major population centers, according to the 2017 U.S. Industrial Midyear Outlook report from Marcus & Millichap.
There are two primary obsessions dominating the outlook for industrial markets in 2016: the much-anticipated spring opening of the $5.25 billion expansion of the Panama Canal (Panamax); and the impact e-commerce is having on logistics networks.
The effects of both already have begun reshaping U.S. industrial markets, and those effects are expected to accelerate in 2016.
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