Industrial and logistics sectors feel the squeeze amid economic headwinds
Industrial fundamentals showed increasing signs of slowing in the third quarter as the turbulent macroeconomic environment persists, according to JLL.
With decreased leasing velocity and sluggish pre-leasing rates, industrial absorption figures continued to slow. With the wave of new deliveries, the vacancy rate increased 70 basis points quarter-over-quarter to 4.9 percent, as anticipated. While this figure seems high on the tail of historic low vacancy rates during the COVID-19 era, the current figure is below the historical average, which was 7.7 percent in 2013.
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