A key takeaway from the firm’s research addressed net absorption, which came in at 76.6 million square-feet (MSF), for the third quarter, marking the best quarterly total going back to the first quarter 2023, as well as the second straight quarter that net absorption topped 70 MSF, with year-to-date net absorption topping 203 MSF, for what the firm said was its best run over a nine-month period since late 2022.
Jeff Berman is a Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. He specializes in covering all aspects of the supply chain, logistics, freight transportation, and materials handling, while also contributing to Robotics 24/7. Jeff's work has been featured in prominent publications such as ThinkAdvisor, Patch.com, and SupplyChain247.