The southeastern Wisconsin industrial real estate market posted its 18th consecutive quarter of positive absorption during the fourth quarter of 2014, according to the latest quarterly report from Xceligent and the Commercial Association of Realtors Wisconsin.
The region absorbed 1.8 million square feet of industrial space during the quarter. About 672,000 square feet of the quarters absorption can be attributed to new construction or additions.
The region’s industrial space vacancy rate dipped to 5.13 percent in the fourth quarter, down from 6.0 percent in the fourth quarter of 2013.
Another 670,000 square feet of additions and another 4.2 million square feet of new construction is scheduled to be added to the region’s industrial real estate market in 2015.