Global Real Estate Intelligence
Lee & AssociatesReport

2025 Q4 North America Market Report

Annual net absorption fell from 20.5 million sq ft in 2024 to 852,722 sq ft in 2025 despite more than 12 million sq ft of tenant growth in the fourth quarter. Deliveries in 2025 totaled 253.6 million sq ft, down 52 percent from the 526 million sq ft record set in 2023.

Industrial & LogisticsOfficeRetailMultifamilyU.S. NationalCanada
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