Inventory Management Needs to Increase as Warehousing Market Continues to Grow in 2013
The demand for U.S. warehouse space moved from the recovery phase to the expansion phase in the 4th quarter of 2012–a trend that is projected to continue through 2014, according to CoStar Group. According to CoStar’s 2012 Year-End Industrial Review and Outlook, there was a positive net absorption of warehouse space across the U.S. late in the year, lowering the vacancy rate to 8.9 per cent among the 210 markets tracked by CoStar, a decline of 30 basis points. CoStar markets logged 103.8 million square feet of net absorption in 2012, with positive space absorbed in 151 markets accounting for…
