Research

JLL Industrial Market Report – Q2 2023

JLL Quarterly Industrial Market Report for Q2 2023

August 04, 2023
Contributors:
  • Niall Gargan

In Q2 2023, leasing volumes amounted to just under 600,000 sq. ft, spread across 24 deals. While this indicates a 36% decrease from the previous quarter, it should be noted that Q1 2022 experienced unusually high volumes due to some unique deals.

Comparatively, the volumes in Q2 2023 were down by 6.2% when compared to the average second-quarter volumes of the last decade.

However, each deal's average size was significantly higher, exceeding the ten-year average for the second quarter by 32.2% and the overall ten-year quarterly average by 13.2%.

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