Industrial Adapts to Market Conditions
Once again, the industrial market proved its ability to adapt to market conditions as key fundamentals in vacancy and absorption
continued to perform well, amidst the COVID-19 pandemic. Although there was a slight pause in the industrial market at the start
of the pandemic, the quick bounce-back in the market was due to the flexibility of space and the ability to meet tenant demand.
Net absorption remained positive as occupiers moved into more than 4.5 million square feet of industrial space over the last year.