Ten-X's Peter Muoio Technology is deepening its impact on the American economy “in a way that benefits industrial real estate in a meaningful way,” says Muoio.

IRVINE, CA—Vacancies for US industrial are at their lowest levels in nearly 20 years thanks largely to technology-driven demand, Ten-X said Wednesday. E-commerce’s positive influence on space absorption has already been well documented; less widely noted is the growing demand for cloud-server farms.