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West Coast Q1 industrial leasing activity

A broad spectrum of industries have over one million square feet of leasing activity in the West Coast, topped by logistics & distribution. Total leasing activity for the region is a higher share of the U.S.’ total, compared to its total inventory share. Excluding other/unknown industry.

The logistics & distribution industry is heavily tied to the retailer (e-commerce) industry, as seen in the number one and number two spots of total leasing activity. This level of activity highlights the dense population centers in the western region of the U.S. – more people need a higher level of goods from various companies (logistics & distribution) as well as having more instances of home delivery (e-commerce).

Source: JLL Research



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