Absorption figures for the U.S. industrial sector were strongest in the primary markets of Houston, Phoenix, Dallas–Fort Worth, Chicago and Atlanta, according to JLL in its second quarter outlook.
Moving forward into the second half 2024, leasing momentum is expected to fluctuate, though evolving supply-chain requirements from manufacturers, ecommerce and other users will continue to drive demand for 3PL companies.
And the development pipeline wanes as 77 percent of all industrial assets under construction are set to deliver by end of year.
