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Demand for Warehousing Space Reaches Record-Setting Levels
Industrial markets absorbed 63.6 million square feet (MSF) of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 MSF. The current industrial expansion is one for the record books, as reported by Cushman & Wakefield. As of January 2017, the industrial sector has registered 27 consecutive quarters of net occupancy gains, placing this expansion among the longest ever. It is also among the strongest, with net absorption for