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Polk County Industrial Figures - Q2 2023

July 11, 2023 5 Minute Read

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  • Despite positive net absorption vacancy increased for the second consecutive quarter, up 60 basis points as 705,000 square feet delivered vacant in West Polk County.
  • Groundbreakings have slowed with a single building starting work this quarter, but the construction pipeline still has over 3 million square feet active and aiming for 2023 delivery.
  • Even among relatively muted activity so far this year, annual rent growth posted a two year high of 7.4%.