Things are picking up for manufactu...

Things are picking up for manufacturing in each region but the Midwest, with vacancy rates heading down and construction spending increasing rapidly. The national vacancy rate for manufacturing thing owned fell to 11.0% in the fourth quarter of 2004 from 112% the previous quarter and 116% a year ago. Construction spending is expanding fast, increasing 16% in the final quarter of last year. A 20% plus putting out pace is expected into 2007

Vacancy rates are well below the national average in metropolitan novel York and Los Angeles, near average in tire Midwest, and well above average