Demand for lower-square-footage industrial buildings continues to be fueled by evolving supply chain strategies, last-mile logistics needs and rising consumer expectations.
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Industrial Rents Up By 7.3% Despite New Supply Plaguing Landlords
The 7.3% year-over-year increase is good news for landlords that have been coping with a supply surge, but the overall industrial market is still down from its record highs in 2022.