Some days this feels like the best of times for the those who operate logistics companies and who operate industrial real estate, and the worst of times for those looking for a bargain on warehouse space. Despite moderate economic growth, the U.S. industrial market continues to expand. Nationwide, warehouse vacancy decreased to 9.2%-in the first quarter of 2016. This is the lowest it has been in 15 years. In certain markets, it is even lower, sometimes just a few properties. Moreover, the Class A and B space was the first to be absorbed; much of what is currently available is Class C and D- mostly 50-year obsolete properties and shuttered manufacturing plants. National warehouse and distribution center demand is running from between 225 million and 230 million square feet per year lease, while new supply remains at roughly 165 million square feet. Are you challenged to find high quality warehouse space and service providers where and when you need them? Spartan Logistics has been planning for this day for 25 years.