The National Industrial Market: Conditions & Trends


The National Industrial Market: Conditions & Trends
4Q23 Newmark presents the Fourth Quarter 2023 National Industrial Market: Conditions & Trends report. Economic Conditions and Demand Drivers Despite a panorama of recession signals, the U.S. economy expanded 3.1% from a year earlier due in large part to stronger than expected consumers. Expansion may continue albeit at a slower pace in 1Q24. A persistently constricted credit environment, elevated interest rates, and shifting consumer demand is causing a significant uptick in bankruptcies, which has contributed to some sublease space and vacancies in the industrial market. Starting in late 2023 and continuing into early 2024, geopolitical issues are supplanting economic efficiency as the primary driver for movement of goods in global supply chains, with implications for the U.S. industrial market. ...more RSK: Demand for industrial will remain resilient but muted according to this report.
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4Q23

Economic Conditions and Demand Drivers

Despite a panorama of recession signals, the U.S. economy expanded 3.1% from a year earlier due in large part to stronger than expected consumers. Expansion may continue albeit at a slower pace in 1Q24.
A persistently constricted credit environment, elevated interest rates, and shifting consumer demand is causing a significant uptick in bankruptcies, which has contributed to some sublease space and vacancies in the industrial market.
Starting in late 2023 and continuing into early 2024, geopolitical issues are supplanting economic efficiency as the primary driver for movement of goods in global supply chains, with implications for the U.S. industrial market.