DENVER Colorado - ProLogis , a leading global provider of distribution facilities and services, today released two semi-annual research reports on the state of the U.S. industrial property market. The first, the company's U.S. Property Market Review, indicates that market conditions for industrial developers are holding steady throughout most of the United States. The average industrial vacancy rate across the country's top 30 markets remained at 7.6 percent in the first half of 2007, unchanged from the prior period. Asking rents, meanwhile, rose at a 6.6 percent annual rate during the first six months of the year. The second report, entitled U.S. Construction Pipeline Report, shows that new industrial construction remains disciplined. New starts totaled 67 million square feet, compared with 63 million square feet in the latter half of 2006. At that pace, 2007 full-year starts will total approximately 2.5 percent of existing inventory, which is low by historical standards. Full Story - Synergen Consulting International
