The strong demand for industrial is forcing revised expectations.

Writing for NAIOP, Dr. Hany Guirguis and Dr. Michael Seiler have revised their forecast for total net industrial absorption in the second half of 2021 upward to 162.6 million square feet with a quarterly average of 81.3 million square feet. In 2022, they project net absorption to be 334.6 million square feet with a quarterly average of 83.6 million square feet.

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