Industrial occupancy level increases in first quarter
In the first quarter, the U.S. industrial sector had its second consecutive quarter of more than 100 million square feet of positive net absorption, according to Transwestern.
Occupancy levels increased in 36 of 41 markets in the first quarter and in 38 markets on a year-over-year basis. Strong leasing velocity coupled with a low level of deliveries caused a reduction in overall vacancy.
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