AMB's forecasts 43 million sf of positive net absorption in the U.S. for fourth quarter 2002. In the third quarter, ended Sept. 30, there was 14.3 million sf of positive net absorption, according to Torto Wheaton Research.
The first quarter of 2003 will be positive as well, according to the forecast, but not by much. Net absorption of less than 1 million sf is projected during the first quarter of 2003.
"While we don't interpret our newest positive absorption forecasts as a signal of an imminent strong recovery, we do feel that the worst is over," says David C. Twist, the director of research for AMB.
As to the credibility of the forecast, AMB says that back in May its Industrial Absorption Indicator predicted the third quarter's positive net absorption, which followed six quarters of negative net absorption.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
