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Absorption and construction reach highest levels of 2017

  • ​As expected, the industrial market had its biggest quarter of 2017. Both absorption and new construction hit high water marks for the year. The Metro East and North County led the way again, combining for 1.7 million square feet of absorption. Leases commencing by Geodis, DB Schenker, and Amazon added 1.5 million square feet of absorption in the third quarter. These large occupiers have lead the way in 2017, 3PL and e-commerce have accounted for almost 40.0 percent of leasing this year.
  • The market continues to keep a healthy equilibrium with new construction. Velocity and tenant demand 
  • remain brisk. With absorption approaching four-million square feet in 2017, the current cycle is surpassing ten year averages. ​

Source: JLL Research​




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