December 4, 2021

Tighter Warehouse Space Adds to the Supply-Chain Squeeze

Article by:
Lydia O’Neal

Warehouse availability in the U.S. fell to record lows in the third quarter, according to figures from real-estate firms that show industrial space is all but disappearing near some of the country’s busiest distribution hubs.

The third-quarter demand for industrial real estate exceeded supply by 41 million square feet, pushing the vacancy rate to 3.6%, down from 4.3% in the same quarter of 2020 and the lowest level in data going back to 2002, according to new figures released by real-estate firm CBRE Group Inc. Read full warehouse rental here.

Lydia O’Neal Lydia is a reporter on the Logistics Report team. She previously covered business tax for Bloomberg Tax, and before that was part of a money-in-politics investigative team and a business reporter at International Business Times.

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