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Absorption rate of industrial and logistics real estate in the United States in 2024, by market (in million square feet)

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Sources

Release date

April 2025

Region

United States

Survey time period

2024

Special properties

30 markets with the largest industrial real estate inventory

Supplementary notes

Calculated by ÌÇÐÄÆƽâ°æ based on the quarterly figures

Citation formats

Industrial and logistics real estate net absorption in the U.S. 2024, by market

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 15, 2025

The absorption rate of industrial property in the two markets with the most inventory in the United States exceeded **** million square feet in 2024. Phoenix, AZ — the market with the ninth-largest inventory in the country — led the ranking with a net absorption rate of almost ** million square feet. Net absorption refers to the net change in occupied space over a given period of time, calculated by summing all the positive changes in occupancy (move ins) and subtracting all the negative changes in occupancy (move outs).

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