Research
JLL Industrial Market Report – Q4 2023
JLL Quarterly Industrial Market Report for Q4 2023
February 16, 2024
Contributors:
- 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.
