‘Canary in the Coal Mine’ Plunging Fast! | Economy Faces Major Test

Southern California’s Hot Warehousing Market Is Cooling Off Vacancy rates for industrial real estate are ticking up in a region that was considered effectively booked up a year ago. Logistics companies are finding something in Southern California they hadn’t seen in several years—empty warehouse space. One of the tightest industrial real-estate markets in the country is showing signs of loosening, industry experts say, as soaring rents, limited empty space and plummeting import volumes drive companies to look elsewhere for warehouses. The warehouse vacancy rate in a logistics-heavy region called the Inland Empire jumped to 3.8% in the second quarter from 1.2% a year earlier, according to real-estate services firm Savills. That is still below the nationwide vacancy rate of 4.8% but a sharp reversal from a yearslong contraction that left one of the country’s busiest warehousing markets effectively full. #inflation #CPI #PPI #china

TOPICS AND TIMESTAMPS:
Inflation Mixed 0:00
Indicators of Slowdown 8:22
Thrive and Prosper 12:45

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