Industrial net absorption totaled 46.3 million square feet at the national level in the second quarter, according to Cushman & Wakefield. That's up more than double from the first three months of the year.

Almost all of the overall absorption recorded nationwide continued to be tied to the delivery of new industrial product with tenants in place. Over half of U.S. markets tracked by Cushman & Wakefield yielded positive absorption in the second quarter, and absorption improved quarter over quarter in 36 different markets, while six markets surpassed 3 million square feet of quarterly absorption, led by Dallas/Ft. Worth (13.8 msf), Phoenix (7.4 msf) and Houston (4.3 msf).

Meanwhile, some of the highest pockets of negative net absorption occurred along the West Coast, as Portland, Seattle, Oakland-East Bay, and Los Angeles combined for 9.6 million square feet of negative absorption in the second quarter.