Hopeful news from the US Logistics Market

In the coming days, the research team of  LogisPark will post to the LinkedIn group "LP ONE World" a complete report of the behavior of the investments markets for logistics real estate  in New York (NY) and Los Angeles (LA), in "Big boxs" products (over 10,000 m2) . Let me advance some key points of this research report: Analysis US: First quarter with positive absorption since 2007. Delay of a semester from the economic recovery start Increase in the new supply, breaking the downward trend since 2006 Decrease in stocks of the market compared with the previous quarter. Vacancy Rate Decreased, breaking the upward trend started in 2008 Yields have started to fall, for first time since 2008 Nevertheless, rents continue to decline Analysis Los Angeles The absorption in LA has been Positive, with worse figures at Central (obsolete stock). From last quarter of 2009, inventory of available m2 has been stabilized with a very slight growth since then. Since the fourth quarter of 2009 begins a significant decline in Vacancy Rate, which remains constant during the following quarters. The Availability has been steadily increasing, despite having experienced a significant decline in the first quarter of 2010 was followed by a large increase in the second quarter, but not reaching previous levels. The LA market activity has progressively increased, experiencing a slight fall in the last quarter of 2010. For the first time since a long time, the absorption of the market has been positive during the second quarter of 2010, indicating a improvement on logistic and industry market. Let's wait to see the trend of the following semesters to see if it holds and we can confirm this recovery. Income levels continue to fall semester to semester, despite the improvement in other indicators. Closely linked to income levels, selling prices have also continued to decline over the past year. Analysis NY (New Jersey) For the first time in a long time, and following the trend across the country, the vacancy rate has slowed in the second quarter of 2010. The absorption has been positive this last semester starting a trend that we hope will continue from now on, which would indicate we are already at the beginning of the recovery of industrial and logistics market in the USA. If we study separately the markets of Northern NJ and Central NJ, we note that the different sub-markets follow similar trends, like in the rest of the country. Thanks, J. M. Joaquim