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Article: Industrial Real Estate: Growth Rate to Abate.
- Article from:
- Kiplinger Business Forecasts
- Article date:
- February 20, 2001
CopyrightCOPYRIGHT 2001 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline:Martha Lynn Craver
The industrial real estate sector will remain strong in '01, but growth will moderate. Look for vacancy rates to edge up a bit and rent hikes to slow. Developers will sweeten the pot to ensure a steady flow of tenants to their new buildings.
Overall vacancy rates will hover around 6.5% this year, edging up from the 5.2% rate at the end of '00. The tightest markets for businesses seeking space will be on the West Coast. Northern California's overall vacancy rate will be only about 3.7%, while the San Francisco Peninsula and Silicon Valley both will see vacancy rates remaining under 3%.
Running a close second, the ...