Small-bay industrial properties (2,000–10,000 sq ft) are outperforming large warehouses with 4.2% vacancy (vs. 7.4%), rents up over 40% since 2020, and 62% of Q2 2025 sales volume, driven by reshoring, last-mile logistics, 36M+ small businesses, and structural supply scarcity in hotspots like Lehigh Valley, I-4 Corridor, and Metro Vancouver.
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