HIGHLIGHTS OF THE REPORT:
- The U.S. industrial market continued to show an upturn in many key market fundamentals in the first half of the year. The overall vacancy rate fell to 8.4% in the second quarter, down 90 basis points from a year ago and 280 bps below its recessionary peak in the first quarter of 2010.
- Canadian markets saw soft demand strength on the whole, although western markets were active with strong positive absorption over the first half of 2013. The Canadian vacancy rate rose marginally from 6.2% to 6.3% over the first half of 2013.
- The performance of Mexican industrial sectors reflected a moderate growth in the first half of 2013. However, exports kept rising and new investments continue setting the pace in the expansion of industrial activity.