Search
 

AMB Report: Industrial Vacancy on the Decline

SAN FRANCISCO-The locally headquartered industrial REIT, which owns 115 million sf in 1,057 buildings in 42 markets, says its occupancy jumped 120 basis points in the final three months of the year and now stands at 95.8%.

By Brian K. Miller | Updated on January 23, 2006

(To read more on the industrial market, click here.)

SAN FRANCISCO-The locally based industrial REIT AMB Property Corp. said Monday that occupancy in its 115-million-sf global portfolio jumped 120 basis points in the final three months of 2005 and ended the year at 95.8%. The data was released along with the company’s fourth quarter performance, which included FFO per fully diluted share and unit of $1.15, as compared to $0.62 for the same period of 2004.

Based on preliminary data provided by Torto Wheaton Research, AMB estimates that US industrial vacancy at the end of the fourth quarter was 9.7%, representing a 40 basis point improvement from the prior quarter. There have been seven consecutive quarters of improvement, according to AMB.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.