Vacancy edged higher at local industrial buildings in the first quarter, a small step backward in the market’s recovery from the recession and financial crisis.
First-quarter vacancy rose to 10.7 percent in the first three months of the year, up from 10.6 percent at the end of 2011, according to Colliers International. That’s still down from a rate of 11.6 percent a year earlier and the peak of 12.3 percent in early 2010.
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