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Revenues of respondent companies were down significantly in the final quarter, though increased pricing helped offset volume declines.
Container volumes posted year-over-year declines every month last year.
Markets that suffered in the previous downturn are now holding up – and vice versa.
It will lead to sharply curtailed business for the logistics providers who make up the largest segment of industrial tenants.
The industrial vacancy rate increased for a fifth consecutive quarter to end the year at 8.8%, its highest level in 3 ½ years.
The trucking industry, on the other hand, faces a more precarious situation, with several major players facing the possibility of bankruptcy.
PUNTA COLONET, MEXICO-The rapid deterioration of global shipping might mean this multi-billion -dollar project is never built.
Canada's national industrial vacancy rate will increase to 6.4% by the end of 2009 from 5.4% in November '08.
L.A. will be the best market for industrial real estate investment from now through 2013.