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NKF 4Q19 National Office Market Report

The U.S. industrial market experienced continued growth in 2019, as significant demand continues to drive asking rents higher while vacancy remains low. Absorption did moderate in 2019, partly in response to a lack of available product as well as concerns about the global economy and trade war with China. However, industrial construction reached a new cyclical high i the fourth quarter as developers seek to capitalize on the persistent, stout demand for modern distrubution space.

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