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Older US Distribution Centers Lose Out To Newer Competition

Recent Industrial Leasing Activity Heavily Concentrated in Newest, Highest-Quality Properties

This distribution center at 4000 Union Pacific Ave. in Los Angeles, built in 1947, was listed for lease since late 2023. (Canaan Hernandez/CoStar)
This distribution center at 4000 Union Pacific Ave. in Los Angeles, built in 1947, was listed for lease since late 2023. (Canaan Hernandez/CoStar)

After more than 15 months of softening demand, U.S. industrial leasing rebounded modestly during the spring and summer of 2024, signaling that the sector’s post-pandemic slowdown may be beginning to ease.

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