1.27.25 For Immediate Release
Q4 2024 Industrial Market Report
As we conclude 2024, the sentiment among our peer group is that the industrial business is still good despite the market statistics we are reporting. In our first quarter report, we had predicted the vacancy rate to increase and rents to remain stable despite delivering another 3.49M SF. Both proved to be true. Rental rates grew, and our vacancy rate was up 265 basis points. We also opined that the economy was facing strong…