At the end of the third quarter, the industrial market was in good shape with positive absorption that led to 165 millions square feet in occupancy gains.
While rents have steadily decreased in the larger core cities of each metropolitan region, rents in outlying suburban cities have rebounded to pre-pandemic levels.
Apartment List's national index has stabilized back to a more typical trend during the past few months, i.e., rents fell by 0.5% this month, which is consistent with rental trends going back three years.