News / 'Unprecedented' – vacant US warehouse space near zero and rents soaring

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With space in short supply and rents continuing to rise, US companies in need of warehousing are increasingly forced to look at facilities in second- or third-tier locations.

Warehouse vacancies in the US are at less than 4%, with little hope for improvement as the arrival of new facilities cannot keep up with demand and industry players expect no easing of the crunch before the end of next year.

“The need for resilience in the supply chain continues to drive record demand, ...