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Large Deals Drive Positive Industrial Absorption in Central Valley

Net absorption surged to nearly 3M SF in Q4, biggest jump since 2022 boom.

By Jack Rogers | January 22, 2025 at 06:19 AM

California’s Central Valley region closed out 2024 with its largest surge in positive absorption of industrial space since the warehouse boom of 2022.

Driven by several large new leases, Central Valley’s industrial market notched 2.9M SF of positive net absorption in the fourth quarter, up from 223K SF in Q3 and more than three times the total for the first nine months of 2024 of about 830K SF.

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