JLL Industrial Market Report – Q4 2023

JLL Quarterly Industrial Market Report for Q4 2023

February 16, 2024
  • Niall Gargan

In the final quarter of 2023, the market saw leasing volumes under 1.05m sq. ft across 26 deals. This was a robust quarter for the sector, 76% above the volumes recorded in the previous quarter, and it was the strongest quarter for leasing activity of the year. This was also 20.6% above the five-year-quarterly average for leasing volumes. Additionally, when Q4 2023 is compared to the five-year quarterly average size deal, the quarter was 60.1% above the average deal size, continuing an ongoing trend of fewer but bigger deals being signed.

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