- Industrial leasing activity increased for the second year in a row for the first time since 2019-2020. This marks a signal of renewed confidence in the industrial sector. Year-over-year, leasing activity increased by 730k sf representing a 2.21% increase.
- Q4 2024 saw the highest amount of leasing activity since Q2 2021 at 10.7 msf. Reflecting a return to normalcy, leasing activity has resumed at a pace which suggests that specific businesses are positioning themselves to capitalize on improved conditions and potential growth opportunities in the coming years.