While still tight, the market's vacancy rate is more than double what it was last year.
Houston's industrial supply pipeline is slowing down, which experts say can give already strong absorption a chance to catch up.
Pennsylvania's industrial markets outside of Philadelphia finally came back down to earth in the third quarter after years of furious growth.
Large pre-leases are rare these days as the industrial market cools.
Occupancy across Rexford's portfolio was 98% last quarter.
The addition of three Miami brokers comes after SRS Industrial expanded from Dallas into Atlanta and Southern California.
Greenleaf is taking a cost-effective approach to converting abandoned office spaces in Atlanta into thriving and affordable flex spaces.
Although the industrial construction pipeline is active, it has slowed from its peak a couple of years ago, another indication of normalization.
The amount of new industrial development delivering last quarter was up 21% from 2022, per JLL, but the pre-leasing rate for that space dropped dramatically.
The portfolio comprises more than 300K SF of Class-B properties in Garland, Farmers Branch and Carrollton.
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