There's plenty of momentum behind industrial sector investing, especially compared to other commercial real estate asset classes, according to a new report from Marcus & Millichap about the first half of 2023.

The industrial sector vacancy rate (4%) was at least 30 basis points below every other major commercial real estate segment in March and transaction velocity has been sharp.

The industrial sector, however, was the only major commercial real estate segment to note a trailing 12-month transaction velocity stronger than its long-term average this June.

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