Net absorption of industrial space during Q4 2021 totaled 134.4 million square feet (msf) and hit the second highest level of 2021 as demand continued to significantly outpace supply. This brought the year-to-date (YTD) 2021 net absorption total to 503.2 msf, which is 125.8% more than the 2020 period, and represents the highest level of industrial net absorption ever recorded in one year.
Many first-time buyers continue to struggle to move into homeownership amid sustained price growth and competition from all-cash buyers. The share of first-time buyers fell to 26% in November, according to the November REALTORS® Confidence Index Survey, a survey of REALTOR® transactions. This is the lowest level since January 2014 (also 26%) and since NAR started tracking the share of first-time buyers...