Despite elevated manufacturing and consumer goods production through 2022, the industrial sector is reflecting the start of a softening period, according to Ermengarde Jabir, senior economist at Moody's Analytics, in a report published on the Scotsman.
Jabir said this is occurring across distribution and warehouse properties, as well as flex spaces for research and development purposes.
"Many U.S. metros are seeing lower or even negative absorption rates, although last year also featured more completions as developers and investors sought to capitalize on the booming sector," she said.
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