Real Estate Weekly, March 20th, 2002
As the economy shows early signs of improvement, a full blown recovery is expected by midyear 2002. An improving economy led by traditional manufacturing bodes well for an industrial real estate recovery over the next 12 months, according to Cushman & Wakefield senior managing director, research, Maria T. Sicola.
"As the economy recovers from recession, industrial markets are likely to recover first," she said. "Healthcare, pharmaceutical, education and defense continue to grow despite the downturn.
The year-end 2001 national industrial vacancy rate was 8.1%, up from 6% at year-end 2000. N...
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