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US industrial vacancy rate rises at slowest pace in 18 months

As wave of record development winds down, vacancy appears close to a turning point

Solar panel maker Qcells recently moved into 835,000 square feet at the newly built Busch Commerce Center north of Atlanta. (Kristinah Archer/CoStar)
Solar panel maker Qcells recently moved into 835,000 square feet at the newly built Busch Commerce Center north of Atlanta. (Kristinah Archer/CoStar)

The average vacancy rate of U.S. industrial properties has risen in the past two years, signaling a challenging market for owners seeking to fill unleased space that piled up after record recent development. But signs are emerging the vacancy surge is nearing its cyclical peak and could begin to fall next year.

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