The U.S. industrial market is marked by continued resilience in the second quarter, despite broader economic uncertainty and regional volatility, according to Cushman & Wakefield. National net absorption totaled 29.6 million square feet, on par with the first quarter’s 30.3 million square feet and exceeding expectations, with demand concentrated in newly built logistics product.
“Large occupiers remain active, with a continued flight to quality driving demand for modern logistics space,” said Jason Price, senior director, Americas head of logistics and industrial research at Cushman & Wakefield. “While absorption is still below historical norms, second-quarter leasing activity and the strength of newer product show that the industrial sector is adapting to shifting market forces.”
Warehouse space completed since 2023 accounted for more than 50 million square feet of absorption in second quarter, underscoring sustained interest in higher-quality buildi
