Oversupply was the theme in Marcus & Millichap's recent news video, which provided a Q3 update on industrial, multifamily housing, and self storage asset classes.
As of the third quarter, the industrial vacancy rate nationally was 4.8%, which is up 120 basis points from a year prior with annual rent growth of 9.5%.
Although absorption on a national level has been positive every quarter since 2010, it has tapered over the course of the last year and rent growth has followed suit, according to John Chang, National Director of Research Director and Advisory Services, Marcus & Millichap.
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