If first-quarter data points are any indication, the U.S. industrial real estate market has moved beyond the “firing on all cylinders” stage to another white-hot plateau. Tenants and lessees occupied 109.1 million square feet more space than they vacated, an all-time quarterly record, roughly double the long-term average and nearly 67% higher from the first quarter of 2020, according to data from Colliers International (NASDAQ:CIGI), a real estate services and investment management company.
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