IRR-Dayton Mid-Year Viewpoint 2015 Local Market Report - Industrial
As the nation continues to recover from the 2008-2009 recession, the industrial sector throughout the Greater Dayton area is also showing signs of recovery. Over 2 million SF of new construction has come online throughout the year in 2014.
The Dayton industrial market will benefit from a stable to slightly growing population base and higher income and education levels. Although the Dayton MSA experienced little or no change in the number of jobs over the past decade, job growth turned positive in 2011 and has remained so.
The Dayton area has maintained a generally lower unemployment rate than Ohio during this time, which is a positive indicator. Moreover, the Dayton MSA exhibits both a higher rate of GDP growth and a higher level of GDP per capita than Ohio overall. All of these factors will continue to support the current recovery.
Overall, the Dayton industrial market is showing an upward trend and one which is expected to continue into the foreseeable future as conditions throughout the overall economy improve.
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IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.