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Q4 2023 U.S. Industrial Real Estate Market Report

January 16, 2024 / 10 min read

The U.S. industrial market performance continues to downshift heading into 2024. Net absorption has remained positive but continued to lose steam, with the second half of 2023 registering the lowest third- and fourth-quarter absorption tallies in 13 years.

The U.S. industrial market performance continues to downshift heading into 2024. The national vacancy rate is not expected to rise above its 20-year average of 7.3%. Net absorption has remained positive but continued to lose steam, with the second half of 2023 registering the lowest third- and fourth-quarter absorption tallies in 13 years.

One silver lining is that very early signs of stabilization and eventual recovery in tenant demand are already emerging. In addition, an oncoming new supply of industrial buildings is predicted to pacify tenant demand throughout 2023.

National industrial real estate trends

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If you’d like to learn more about the nation’s industrial real estate outlook, download the full report below. This report will give you full insight into the topics mentioned above along with a variety of other statistics to help you stay ahead of market trends.

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Information contained in this report is provided, in part, from third-party sources, including the U.S. Bureau of Labor Statistics, the Bureau of Economic Analysis, Real Capital Analytics, and CoStar Group. Even though obtained from sources deemed reliable, no warranty or representation, expressed or implied, is made as to the accuracy of the information herein.

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