The turbulent start to the year saw confidence sagging and the economic expansion seemingly on shaky ground. But by the end of March, the U.S. economy had regained solid footing and the industrial property markets registered yet another robust quarter. Strong employment is always a dominant growth driver; it creates new income growth and adds to a solid base of consumer spending. Consumer spending in turn boisters demand for manufacturing and warehouse space. Over the last 12 months, the U.S. economy has added 2.8 million nonfarm payroll jobs. The construction sector added 301.000 payrolls while the trade, transportation and utilities sector added 499.000 new workers. These industies are among the heaviest users of industrial space.
Source : Cushman & Wakefield