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Industrial Property Clock Ticking Slowly

JLL finds most US and Canadian markets tenant rather than landlord favorable. Mexican markets, however, make strong showing.

By John McCloud | Updated on September 16, 2009

Only one major US or Canadian industrial market is currently landlord-favorable, according to the Jones Lang LaSalle Industrial Property Clock. By contrast, about half the Mexican markets tracked remain landlord-favorable, though they are generally categorized as slowing.

The clock shows where individual markets sit within the real estate cycle. Markets on the left side of the clock typically are landlord-favorable, while those on the right are tenant-favorable. In the US and Canada, only the relatively small market encompassing parts of Long Island and Westchester County, NY and southwestern Connecticut falls on the landlord-favorable side of the clock. It is classified as rising, while all other markets are listed as either stagnant or falling.

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