Recent gains in production and productivity have placed downward pressure on industrial availability and further tenant demand growth in the industrial property sector is forecasted over the coming year as local manufacturing companies require more space to build and store inventories.
1. Industrial demand has been bolstered by
production gains
Cleveland
• While Moody's anticipates relatively fixed levels of employment among the industrial sectors in
metropolitan Cleveland over the next ten years, gross regional product and productivity are projected to
surge, increasing 25 percent and 65 percent, respectfully. Recent gains in these areas have already
placed downward pressure on industrial availability and further tenant demand growth in the industrial
property sector is forecasted over the coming years as local manufacturing companies require more
space to build and store inventories.
Source: JLL Research
Chart of the week: November 9, 2015
6%
12%
18%
2010 2011 2012 2013 2014 YTD 2015
Warehouse & Distribution Manufacturing
Industrial availability trends
