Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
Cushman & Wakefield - Industrial Fact of the Week - August 2, 2012
1. U.S CON
S. NSTRUC
CTION VS. VA
ACANC
CY
KEY FACTS
Y
• After pe
eaking in 20 with 135 msf of new industria inventory added to th
008 5.9 al he
market, new construction activ declined significant from 200
vity d tly 09-2011due to the
recession. Only 98 msf of ne supply d
8.2 ew year span, almost a
delivered in that three y
28% dr from 200 alone.
rop 08
• Confide
ence in the c rket appear to be returning, evide
country’s industrial mar rs enced
by the u
uptick in spe
eculative co
onstruction f 2012. Du
for uring 2010 a 2011,
and
uction activit consisted primarily of build-to-su projects, with only 6. msf
constru ty d uit .7
of spec
culative cons
struction ad
dded during that time, o of 36.3 m of new
out msf
invento So far in 2012, spec
ory. n culative con xceeds BTS totals with 6.8 msf
nstruction ex S
delivering versus 4 msf of BTS projects
4.9 s.
• The nation’s recov
very from the significant market slo
e t owdown in 2
2009 was he
elped by
cally low con
historic nstruction le
evels. After c
climbing to 1
10.4% in 20
009, the ove
erall
vacanc rate declin to 8.7% at the mid-
cy ned % -year point o 2012. With vacancy
of
declinin consisten since ye
ng ntly ear-end 200 construc
09, ction activity will continu to
y ue
increas over the n
se next few yea
ars.
• While n back at 2
not 2008 levels, rental rates have incre
, eased consistently sinc
ce
second quarter 2011. Asking r
d rental rates will continu to climb n
ue northward ov the
ver
next ye as the ne inventory underway finishes co
ear ew y y onstruction, quoting high
her
asking rates for this new prime space.
e
Jared
d.Jacobs@
@cushwake
e.com 215-9
963-4077
Source: Cushman & Wakef field Research. Only m
markets track by Cush
ked hman & Wakefield
office are includ in this a
es ded analysis. 2012 is as of 2 2012
2Q
INDUSTRIAL FACT TE
L EAM
Tina Arambulo Ted Harris
son Jared Jacobs
d
Los A
Angeles Phoenix Philad
delphia
Jame Breeze
es Steve Harr
ris Aman Ortiz
nda
Los A
Angeles Dallas Chica
ago
Neil Hamilton Robert Ho
oefer
Orlan
ndo Houston
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w.cushmanw
wakefield.c
com