The US industrial market continued to shatter records in the fourth quarter, with absorption exceeding 500 million square feet and vacancy sinking before 4% for the first time in history to end the quarter at 3.7%, according to new research from Cushman & Wakefield. 

 “We are seeing unprecedented low vacancy and incredibly high demand for industrial space across the United States. Demand is outpacing supply by a wide marginalmost 50 percentand new leasing activity totaled 879.9 msf, a new record. This level of demand put the market in place to see the first year ever of new leasing activity surpassing 800 msf at year-end,” said Carolyn Salzer, Americas Head of Logistics & Industrial Research for Cushman & Wakefield. “This continues to put upward pressure on rental rates, setting a new record of $7.39 per square foot.”

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