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Northern California Industrial Report Q4 2024
February 20, 2025 15 Minute Read
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At the close of Q4 2024, total industrial inventory stood at 700.2 million sq. ft. with another 7.3 million sq. ft. under construction. Net absorption totaled positive 940,932 sq. ft., bringing the overall vacancy rate to 6.9%. Current tenant requirements stood at 37.1 million sq. ft. of active users touring or negotiating space needs in the region.