U.S. Industrial Market Report 2020: Lower Absorption Rates & Higher Vacancies

U.S. Industrial Market Report 2020: Lower Absorption Rates & Higher Vacancies

Analysts released national industrial market report numbers for Q1 2023, unanimously indicating that absorption fell while vacancy rates increased. The twofold causes were declining tenant demand and increased supply.

Lee & Associates’ Q1 2023 Industrial Overview reported a sharp first-quarter decline in U.S. tenant demand for industrial space as wholesalers and retailers reconsidered their inventory levels out of caution over the economic outlook.

The Plante Moran/Cresa U.S. Industrial Real Estate Market Summary Q1 2023 agreed, noting that the current declining numbers followed several quarters of record-breaking performance, further influenced by the record amount of speculative development expected to enter the market this year .

CBRE’s U

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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