Industrial vacancies dropped to 5.8% nationwide during...

Industrial vacancies dropped to 5.8% nationwide during third quarter 1987, their steepest plunge since June, 1978, according to a Coldwell Banker Commercial Real Estate Group national survey. The survey provides a national index of vacancies in industrial buildings containing 100,000 square feet or more in 30 major markets. The decline in available industrial space was attributed to a resurgence in manufacturing production and employment as a result of the U.S. dollar’s depreciation.