The early 2023 numbers through February show a significant drop-off from last year for industrial sales, according to the CommercialEdge National Industrial Report, issued this week.

The $3.9 billion in sales came at an average of $150 per square foot. Last year at this time, sales totaled $9.1 billion.

Deals were done based on strong fundamentals with port markets and inland logistics hubs leading the way.

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