Many U.S. industrial properties began 2023 in a well-leased position and remained that way throughout the year. Even property owners with leases that were expiring were, in most cases, able to renew those leases, often at rents that were more than 40% higher than rents that prevailed just five years earlier.
What To Watch in 2024: Industrial Vacancy Rates Could Hinge on the Pace of Construction
Fewer Development Completions Could Help Rein in Vacancies Later This Year
CoStar Analytics
January 4, 2024 | 10:05 P.M.
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