U.S. Industrial Market Dynamics

Industrial markets across the country showed signs of recovery despite ongoing economic and trade headwinds. Leasing volume totaled 146.2 million s.f., marking the best quarter of leasing since Q1 of 2024.
Net absorption doubled from the previous quarter, settling at 38.2.6 million s.f. of positive net absorption, bringing the year-to-date total to 101 million s.f..
Development pipeline increases for first time in 12 quarters to 246.8 million s.f.
The vacancy rate edged up to 7.6% in Q3 but appears to have reached its peak as new construction deliveries continue to decelerate.

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