U.S. Industrial Leasing Down A ‘Staggering’ 47% From Last Year: JLL
August 2, 2023 | Jon Banister | Bisnow
The industrial sector is still delivering a wave of development across the country that started during the pandemic-era boom, but new data shows demand is not keeping up with the pace of new supply.
The U.S. industrial real estate market recorded 112.6M SF of leases in the second quarter, down 46.9% from the same period last year, according to a report released Wednesday by JLL, which called the leasing decline “staggering.”
