Cushman & Wakefield: U.S. Industrial Quarterly Net Absorption Up 10.5% While Vacancy Inches Higher by 20 bps
1. National industrial vacancy rate rose to 6.7%, still below pre-pandemic average. 2. Positive absorption in 60% of tracked markets; annual absorption at 36.8 msf. 3. New leasing activity slowed by 15.7%; 2024 ranks sixth for deal activity. 4. Construction deliveries decreased significantly, dropping 48% year-over-year. 5. Asking rents increased by 4.5% for the year; South region led growth.