1、Industrial22Q3U.S.NationalHeadlineMarket Indicators Market Graph Q3 2022 OccupanciesHistoric ComparisonVacancy Rate 3.7%UnderConstruction656.9MSFOverall AskingLease Rates(NET)$8.77/SFKey TakeawaysIndustrial demand slowed in the third quarter,yet remains stableNew supply reached its highest quarterly

2、 level on recordThere are nearly 200 facilities under construction that are one million square feet or largerYOYFORECASTYOYFORECASTYOYFORECASTYOYFORECAST3.5%Unemployment Rate 2.6%GDP-Quarterly%change yr/yr 3.829%U.S.10 Year Treasury Note 22Q322Q221Q3Total Inventory(MSF)17,215.017,089.116,764.9New Su

3、pply(MSF)137.895.8109.6Net Absorption(MSF)114.1118.2182.1Overall Vacancy 3.7%3.6%4.4%Under Construction(MSF)656.4618.1473.3Overall Asking Lease Rates(NET)$8.77$8.42$7.61Overall net absorption totaled 114.1 million square feet in the third quarter,a 3.4%decrease from the previous quarter.New supply r

4、ose 24.4%year-over-year and the vacancy rate dropped 68 basis points from this time last year to 3.7%.The U.S.industrial sector started to show signs of deceleration during the third quarter.While the development pipeline remains incredibly full and quarterly new supply achieved a new record during

5、the quarter,demand is starting to wane for industrial product.The headwinds affecting the market remain prevalent and rising inflation is causing uncertainty with consumers which could lead to a decrease in retail sales and lower industrial demand.YTD Net Absorption344.8M SFRichmond,VA1.2M SF Atlant

6、a,GA1.3M SF Phillipsburg,NJ1.2M SF Phoenix,AZ1.2M SF Phoenix,AZ1.2M SF Savannah,GA1.2M SF 0.0%1.0%2.0%3.0%4.0%5.0%6.0%-50 100 150 200Q42020Q12021Q22021Q32021Q42021Q12022Q22022Q32022MillionsU.S.Industrial MarketQ4 2020 Q3 2022New SupplyAbsorptionVacancy RateColliers|U.S.National|22Q3|Industrial Repor