• Lease rates continue to climb as the market continues to await more inventory to arrive.
  • E-commerce sales continue to put pressure on retailers to shift goods from retail shelves to warehouse racks, increasing industrial warehouse demand.
  • For every $1 million increase in e-commerce sales, an estimated 1,250 sq.ft. of warehouse space is needed to keep up with demand.
  • Nationally, Third Party Logistics and E-Commerce currently account for 56% of tenant demand.