Industrial Property Vacancies Hit Record Low As Rents Surge JLL
JLL reports that the US industrial real estate market hit a record low vacancy rate of 4.8% in Q2, with rents soaring to $6.62 per square foot, a 5.1% year-over-year increase. The logistics and distribution sector led leasing activity, accounting for 24.9% of total leased space in the first half of the year. Despite active construction projects, net absorption exceeded deliveries, potentially leading to a supply shortage in the long term. Businesses need to carefully select industrial space, and landlords should pay close attention to market changes.
