Research

"The industrial market is recovering, but regional divergence and rising macro risks mean the rebound will be uneven."

"The construction pipeline is slowing, falling below 10.0 million square feet (msf) for the first time since mid-2022."

"Vacancy increased by 190 basis points (bps) over the last year, from 9.2% to 11.1%"

"Vacancy has continued trending downward, declining 160 basis points (bps) year over year."

"Vacancy held at 9.2% in Q1 2026 as net absorption totaled 0.6 million square feet (msf)"

"The East Bay/Oakland industrial vacancy rate has continued to climb to 8.8%"

"Nashville’s vacancy rate rose 50 basis points year over year to a high of 7.0%"

"Deliveries totaled 0.2 million square feet (msf) in Q1 2026, while construction declined to 1.8 msf"

"The overall availability rate has declined for the third consecutive quarter following nine straight quarters of increases, falling 110 basis points (bps) year over year."

"Broward’s next competitive wave is being driven by repositioned assets rather than ground-up construction, as new development remains limited."