Area’s industrial space vacancy rate up a bit

The Milwaukee area’s industrial space vacancy rate increased a bit during the second quarter, rising from 7.4 percent in the first quarter to 7.5 percent, according to Boston-based Colliers International. The area’s industrial space vacancy rate is also up a bit from the second quarter of 2007, which was at 7.3 percent.

However, the area’s industrial space vacancy rate is still lower than the national average of 8.52 percent, according to Colliers. The Chicago area’s industrial space vacancy rate is 9.4 percent, according to Colliers.

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