2024 could be the third-highest year for industrial big-box leasing, CBRE projects. Even though a spate of new construction in 2023 brought a record 413 million SF to market, it expects that abundant supply to be short-lived.

“Investor sentiment has significantly improved from last year as industrial operating fundamentals remain solid and the credit market has stabilized,” said Chris Riley, president, U.S. Industrial & Logistics, Capital Markets. “The increased demand is evident from purchase bid sheets that are three times deeper than those in Q4 2023.”


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