2024 – CWS-MarketBeat-Report-Template.pptx
Despite a historically significant amount of new industrial supply it has done little to alleviate the limited availability of industrial property as demand outpaced new supply in 2023 totaling 599,151 SF of positive absorption. 2024 is on track to be another significant year of industrial development with more than 60.26 acres of industrial zoned land sold in 2023 and approximately 244,135 square feet of industrial space presently under construction as of Q1 2024.
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