Concerns over inflation and higher interest rates affecting consumer spending remain widespread, but they are no longer causing industrial tenants to hesitate on lease transactions as they did last year.
Preliminary CoStar data for spring 2024 shows that the volume of new U.S. industrial leases signed in April and May increased by 30% compared to the same period in 2023.
Leasing activity is also gaining momentum as the second quarter progresses, positioning the U.S. industrial market for its first significant quarterly leasing increase in three years.
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