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Here's What Some Top Tenant Reps Expect on US Industrial Property Performance in 2024

Senior Brokers See Occupiers Proceed With Caution, Focus on Facilities Automation

This sorting facility in Dallas is one of about 200 distribution centers UPS said it plans to close over the next three years as it reduces costs and consolidates distribution operations. (CoStar).
This sorting facility in Dallas is one of about 200 distribution centers UPS said it plans to close over the next three years as it reduces costs and consolidates distribution operations. (CoStar).

After a record run of distribution center expansions in 2021 and 2022, U.S. industrial tenants have proceeded much more cautiously in recent months. Early 2024 data shows that industrial tenants have continued to lease and occupy more U.S. industrial space, but at the slowest pace since 2012.

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