Expect continued resilience but on a muted scale for industrial assets in 2024, according to Newmark, which said in a recent report that economic uncertainty continues to exert pressure on consumers, developers, occupiers, and investors.
"Unpredictability in the global supply chain will drive long-term demand for industrial space due to the need for diversified sourcing and ports of entry," according to Newmark's National Industrial Market Conditions and Trends Report.
Acute global supply chain developments on leased industrial space in the short-term are likely to be a mild but net positive in 2024, Newmark said.
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