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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
Container volumes increased 11.2%, although several disruptions challenged the sector.
The industrial market is experiencing a slowing pipeline and climbing vacancies.
Controversial 540K SF industrial project had city mulling large warehouse ban.
The Port Authority invested $262 million in storage and processing capacity.
The composition of what kind of industrial space is being built is changing.
Rents and absorption have plunged but construction is starting to slowdown.
Total annual sales volume for the multitenant market was $166.9 billion.
Vacancy was as high as 12 percent in 2024.
Despite that, healthy consumer trends, e-commerce and freight volumes signal stability.
Leasing activity accelerated following the November election.