After surging in the wake of the pandemic, the industrial real estate sector experienced a significant cooldown in 2023, and this year is poised to be a period of stabilization and normalization for the industry. Rental rate growth is expected to slow as vacancy rates rise as record levels of new supply work their way through the market, according to CommercialEdge's National Industrial Report. "If 2023's word of the year was ‘normalization,' we are labeling 2024's motto as stabilization," Comme
After being a hot commodity during the COVID-19 pandemic, investors’ appetite for industrial properties has cooled. Industrial is still one of the most desirable asset types, but challenges in the economy have slowed activity in the investment sector.