NAI MLG Commercial Fourth Quarter 2015 Industrial Market Report
NAI MLG Commercial is pleased to announce the release of the fourth quarter 2015 Industrial Market Report.
The Milwaukee Industrial market experienced 703,101 SF of positive absorption in the fourth quarter of 2015, making it the 22nd consecutive quarter of positive absorption. For the year the market absorbed 6.09 million SF or 2.4% market growth. Due to the continued positive absorption, the vacancy rate has dropped from 5.2% (Q4 14’) to 4.6% (Q4 15’). The vacancy rate has continued to fall over the past 5 years, although it will most likely rise slightly throughout 2016 as new speculative construction is completed. Currently there is over 5.5 million SF of product that is either under construction or planned. Over the past year there has been over 5 million SF of new product delivered to the market.