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US Industrial Sales Volume Down 56% Last Year

But since industrial volumes and values did not experience as large a surge as other sectors during the recent boom, they also didn't suffer as large a fall.

By John McCloud | Updated on April 08, 2009

CHICAGO-The volume of US industrial transactions plunged 56% last year, according to new data from Jones Lang LaSalle. In the firm’s US Industrial Report Winter 2009, which was released at the end of March, researchers reveal that only $21.7 billion of industrial sales occurred last year, compared to $49.7 billion the year before. Furthermore, they note the trend worsened as the year wore on, with Q4′s total of $3.1 billion in transactions down 69% from a year earlier.

Though the report points out the industrial sector fared better than office and retail, it attributes the performance advantage to a smaller average transaction size, which made debt financing more accessible, rather than the sector’s inherently greater strength. In addition, because industrial volumes and values did not experience as large a surge as other sectors during the recent boom, they also didn’t suffer as large a fall.

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