Industrial absorption in the U.S. declined by approximately 50% year-over-year, according to preliminary figures from Savills released this month. While this plunge might seem alarming, analysts told Bisnow they are viewing the dip as a much-needed pause — especially considering the meteoric rise the industrial market witnessed in the pandemic era. But with supply ticking up and rent growth slowing, tenants are finding relief from years of “no vacancy” signs. 
“Normalized demand is meeting heightened supply for the near term,” Savills Senior Director and Head of Industrial Research Mark Russo said. “We think that over the next six to 12 months, tenants will have more power. They've had next to no leverage the last couple of years.”An end user with… Read the full story here. | 
