After beginning the red-hot year with impressive occupancy gains, the GLA industrial market cooled off in the latter half of the year due to limited available supply and apprehension over nearing the end of the cycle. Even with lower activity levels than in years past, buildings are heavily utilized with minimal downtime between tenants. Proximity to the numerous airports and ports was key to attracting e-commerce, distributors, and cargo-centered sea-and-air users to the region. Strong market fundamentals and limited supply kept the market favoring landlords and rents rising. It is expected that occupancy gains will be steady in 2019 and approximately 1.7 million sq. ft. of positive net absorption are anticipated next year driven by port activity and online shopping.