While the economy suffered setbacks from the pandemic last year, the industrial sector remained strong with consistent leasing activity and high absorption. This demand persisted in the first half of 2021. U.S. e-commerce sales totaled $215.0 billion last quarter, a 39.1% YOY increase. National consumer confidence reached its highest point since before the pandemic in June of 2021, and the reopening of the economy and increasing labor market optimism should fuel the high demand for industrial product in Raleigh-Durham.
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