Figures

Polk Industrial Figures - Q3 2024

October 10, 2024 5 Minute Read

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  • Overall vacancy started making its way back towards single digits this quarter, dropping 60 bps to 10.2%
  • Positive absorption of over 600,000 square feet was the strongest quarter we have seen since 2022 as we continue to await the lease up of large blocks of space
  • Smaller bay product with higher asking rents are buoying market averages and pushing rent growth to 10% year over year