Demand for bulk industrial space has declined considerably during the past few quarters, according to Colliers, with the number of transactions sliding by 46% year over year, and the total square feet occupied down by 49%.
This comes following last year's third consecutive record-setting performance by most accounts.
Meanwhile, the average transaction size continued its five-quarters downward trend, according to Steig Seaward, National Director of Research, Colliers.
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