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Modest Pickup in Demand for US Industrial Space Suggests Slowdown May Be Easing

Jump in Leasing Activity Shows Tenant Appetite Stops Deteriorating

During the second quarter, data center equipment manufacturer Integra Mission Critical subleased 1.2 million square feet at 15550 Milner Road in Houston from Wayfair in one of the largest industrial subleases in U.S. history. (CoStar)
During the second quarter, data center equipment manufacturer Integra Mission Critical subleased 1.2 million square feet at 15550 Milner Road in Houston from Wayfair in one of the largest industrial subleases in U.S. history. (CoStar)

At first glance, the second quarter saw little change to recent U.S. industrial market conditions, which have been gradually shifting more in tenants’ favor since the beginning of last year as available industrial space accumulated in ever-greater amounts.

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