Industrial Market Continues to Flourish in Q3

 

  • Q3 marked the 42nd consecutive quarter of positive net absorption (56.8 million sq. ft), pushing the year-to-date total to 119.9 million sq. ft. This is the 10th consecutive year that net absorption has surpassed the 100 million-sq.-ft. mark.

 

  • An increase in demand for online shopping led consumer goods companies to add more distribution space.

 

  • Strategically located distribution centers are increasingly important for the success of retailers. Availability of such space remains tight, with a relatively low vacancy rate of 4.7%.