Colliers: Industrial RE Slowdown 'More Evident'

U.S. industrial real estate markets continued to grow in the third quarter, but the slowdown noted in the previous quarter "became more evident," according to Colliers International, a Boston-based global real estate services firm.The markets absorbed 36.1 million square feet of industrial space in the quarter, bringing the total so far this year to 106.6 msf, 31.1 msf less than the year-to-date level of a year earlier, Colliers said. "The financial markets continue to display considerable volatility, and there seems to be no end in sight for the ailing housing market," said Ross Moore, the organization's senior vice president and director of market and economic research. "Thus, occupiers of warehouse space have taken a wait-and-see attitude -- leading to only modest absorption." Colliers can be found online at http://www.colliers.com.