Rising vacancies and falling net absorption have plagued the nation’s biggest big-box industrial markets, as new warehouse and distribution facilities were added at a rate not seen before. But the tide could turn this year after a rough 2024, after the two categories hit their peak.
Colliers’ newly released outlook for the sector in 2025 found that the 20 largest North American big-box markets have added an unprecedented 1.3 billion square feet of new supply since 2020 – expanding the market by almost 50%. But this activity also produced unfortunate consequences: too much supply and not enough demand.
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