2023 Q4 Vancouver –
2023 Q3 Economic Report
GDP GROWTH: The U.S. economy grew faster than expected in the third quarter and the most in nearly two years, fueled by strong consumer spending in spite of higher interest rates, inflation pressures and other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace from July through September, more than double the 2.1% pace of the second quarter, the Commerce…
2023 Q3 North America Market Report
INDUSTRIAL OVERVIEW: ABSORPTION CONTINUES SLOWING, INVENTORIES TO SPIKE Demand for industrial space remained positive in the United States and Canada in the third quarter, but growth this year has lost steam compared to strong net absorption totals of the last two years. U.S. net growth in the third quarter totaled 29.9 million SF compared to 94 million SF for the same period last year. Year-to-date net absorption is 110.2 million SF, down 62% from the…