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Leasing Across New York Industrial Market Reaches Record 7 Million Square Feet

Demand for Logistics Space Elevates Fundamentals in 2021
By Rachel Johnson
CoStar Analytics
July 12, 2021 | 4:27 P.M.

Consumers’ increased preference for e-commerce over the past 12 months continues to bolster the New York industrial market, with 7 million square feet of leases recorded in the second quarter. This equates to the highest quarter for leasing volume entered by quarter-end since CoStar began tracking the market.

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