In last year’s review and projection of industrial property market health, we focused on the historically low US consumer demand and its impact on demand for industrial space.  One year later, we observe that consumer demand remains a primary concern for industrial sectors.  In February of 2009, the US Consumer Demand Index (CDI) reached a historic low.  While the second and third quarters of 2009 sparked hope that consumer confidence and spending would return thanks to such nationwide stimulus programs as “cash-for-clunkers,” data for the fourth quarter has indicated a retrenching of the recessionary trends that have dominated the last two years.

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