Phoenix retained its top spot as the best-positioned industrial real estate market thanks to a strong base in both manufacturing and logistics, according to CommercialEdge’s most recent national industrial report. The ranking is based on industrial space delivered, expansion of stock through deliveries and projected expansion from the current pipeline.
Other strong industrial markets include Orange County and the Inland Empire in California; Kansas City; Atlanta; New Jersey; Miami; Bridgeport, Connecticut; Houston; and Portland.
CommercialEdge said the industrial market overall is one of the steadiest commercial real estate classes. The industrial pipeline is continuing to slow across most markets, and vacancies are still climbing at a measured place.
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