The southeastern Wisconsin industrial real estate continues to produce impressive results, according to the first quarter market report by Xceligent and the Commercial Association of Realtors Wisconsin (CARW).
The region’s industrial real estate market absorbed 860,000 square feet of space during the first quarter, the 12th consecutive quarter of positive absorption. The region’s industrial space vacancy rate dipped from 6.5 percent in the fourth quarter of 2012 to 6.4 percent in the first quarter of 2013.
The region’s industrial space vacancy rate peaked at 9.6 percent in late 2008, during the Great Recession, and has been mostly declining ever since.
The region’s 6.4 percent industrial space vacancy rate is at its lowest point since it was at 5.98 percent in the third quarter of 2006, according to Xceligent.