Economy Watch Weekly: US Office, Industrial Markets Performing Well

Continued restraint in new development in the office sector and robust demand in the industrial sector contributed to strong first-quarter performances for the property types. Economy Editor Dees Stribling has the latest, for the week ending May 18, 2018.
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Both the office and industrial sectors of U.S. real estate had strong first quarters, with vacancy rates remaining low and rental rates increasing. In the office sector, continued restraint in new development has kept vacancy rates low, according to a recent Transwestern report, while in the industrial market, robust demand for space has maintained vacancies around 5 percent, despite a healthy amount of supply entering the market, Avison Young reports. Economy Editor Dees Stribling discusses the full reports, for the week ending May 18, 2018.