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U.S. Industrial Q2 2023 Review

September 15, 2023
Market Reports
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U.S. Industrial Q2 2023 Review

By Ward Richmond

Q2 2023 Stats

W/D Asking Rate Growth Continues

Warehouse Distribution NNN Rates

Pace of rent escalations to slow in 2024

Regional Industrial Vacancy Rates

YTD Overall Net Absorption

Quarterly Occupancy Gains

3PL activity remains strong

Growth Markets*

Product Under Construction

New Supply Increases 41% YOY

Quarterly New Supply

To get further inside my supply chain brain,
please check out my website and blog:
www.SupplyChainRealEstate.com

MEET THE TEAM MEMBERS

Ward Richmond has over fifteen years of experience specializing in industrial real estate, and has negotiated over 500 transactions while working in over 100 cities across the USA, Canada, and Mexico. Several publications have featured Ward for his expertise in this field including the Wall Street Journal, Dallas Morning News, and Dallas Business Journal. He also serves on Colliers International Industrial Advisory Board, and is a member of the Logistics & Transportation Solutions Group.

WARD RICHMOND, SIOR

Vice Chairman

COLE HOOPER

Vice President

ZACK RUTLAND

Vice President

JAMES EWING

Associate Vice President

AMANDA RICHARDS

Client Services Specialist

CONNOR SIMPSON

Associate

The Supply Chain Syndicate is supported by Colliers International Research Team

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ON THE ROAD AGAIN

September 28-29, 2023: Colliers National Industrial Conference, Scottsdale, AZ

October 12-13, 2023: Armstrong 3PL, Chicago, IL