Space Demand Forecasts

The Industrial Space Demand Forecast for the U.S. is issued quarterly by NAIOP and is based on an accurate model. The Forecast assists developers and investors to make more prudent decisions about the timing of new development projects.

Although office net absorption remained negative throughout 2021, it is gradually climbing toward the positive side of the scale. Total net absorption in the third quarter of 2021 was -5.2 million square feet, back from a near record of -34.8 million square feet at the end of the first quarter of 2021.