National Industrial Market Report

4Q 2021

The United States industrial market has been impacted in a myriad of ways by the global pandemic during the past two years. Most acutely, it has been stressed by the surge in demand for warehouse space coupled with significantly lower volumes of new construction delivered to address this need. This dynamic persisted in the fourth quarter of 2021 as net absorption significantly outpaced new demand, driving the national vacancy rate down to 4.2%.

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