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Modern Bulk Industrial 22Q2 Report

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Bulk Demand Shatters Previous Records

Key Takeaways:

  1. Strong demand for bulk space resulted in vacancy declining to a record low of 2.8%.
  2. Year-to-date net absorption rose to 5.1 million square feet as the market continues to reach new heights.
  3. Speculative space under construction totaled 8.1 million square feet resulting in 134% YOY growth.
  4. Average bulk asking rates increased by a staggering 13% YOY.
  5. Over 3.4 million square feet of speculative supply is forecasted to hit the market by the end of 2022.
  6. New supply additions were relatively light with 815,000 square feet of deliveries during the first half of the year.

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Modern Bulk Industrial 22Q2 Report

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Related Experts

Brent Ludy

Research Manager

Cincinnati

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