Research
United States Industrial Market Dynamics | Q3 2024
Industrial market shows signs of slowing as occupiers exercise caution amid economic uncertainties
October 29, 2024
Industrial market shows signs of moderation in Q3, with vacancy rising to 6.8%. Completions dropped below 100 million s.f. for the first time since Q1 2022. Despite a cautious occupier stance, quarterly absorption increased to 50.1 million s.f. Rents stabilized at $10.04 p.s.f., with year-over-year growth slowing to 3%.
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