DCs

The report, entitled “JLL’s U.S. IND Market Dynamics Q3,” stated that third-quarter leasing volume reached 146.2 million square feet (MSF), marking the highest level of leasing activity since the first quarter of 2024 (and 387.1 MSF year-to-date).

In its “Q2 U.S. Industrial Market Report,” the firm observed that second quarter net national absorption, at 29.9 million square-feet (MSF), was in line with the first quarter’s 30.3 MSF tally, adding that the second quarter output came in ahead of expectations, and also that demand was paced by “newly built logistics product,” which the firm defines as warehouses built since 20023.