Moving into 2022, the U.S. industrial market continues to thrive, driven by historically low vacancy rates amid robust supply and demand fundamentals.
In November, Transwestern reported that the U.S. industrial market set new records across multiple key performance indicators, with more than 540 million square feet of net absorption reported in the last four quarters, making it the first time in history that occupancy has increased by more than 500 million square feet year over year.
According to CBRE, occupiers are leasing space at unprecedented levels to handle the large increase in inventory requirements given strong consumer demand. Demand for warehouse space has skyrocketed due to the need to keep more “safety stock” onshore amid supply chain volatility.
Although industrial today can be considered a bit pricey, John Turek, vice president in Clar
