Industrial vacancy is likely nearing its peak for the current cycle, according to the latest research from Cushman & Wakefield. The report found overall national industrial vacancy climbed 20 basis points to 6.7%, which remains 30 bps below the 10-year pre-pandemic average.
During the fourth quarter, industrial absorption was positive in 60% of the 84 markets Cushman & Wakefield tracks. Eight markets reported more than five million square feet of absorption for the year.
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