INDUSTRIAL OVERVIEW: RENTS PUSHED ON STRONG DEMAND Strong demand for industrial space throughout North America continued in the first quarter as vacancies fell to record lows and rent growth hit double digits. First quarter net absorption in the U.S. totaled 92.8 million SF, which was up 25% year over year but down 35% from the 143-million-SF average of the last three quarters of 2021. Annualized rents rose 10.1% in the U.S. and the average vacancy…
