- Industrial vacancy fell to yet another all-time low of 1.8%, a near 130-basis point decrease year-over-year. Demand remains ravenous and is expected to continue unabated as limited amounts of new supply are in the pipeline. New industrial developments in various stages of construction have experienced unprecedented pre-leasing activity.
- There is more than 478,000 square feet of new industrial space under construction in Burnside, with several of these properties already fully pre-leased. The lack of vacant space and intense demand from users will ensure the market continues to exhibit strength into the foreseeable future.
