Research

"Vacancy in the San Diego market has continued to climb since early 2023"

"South Florida’s vacancy rate has steadily increased over the past four quarters"

"Vacancy, while still low at just 1.9%, has climbed 80 basis points (bps) over the last four quarters."

"The vacancy rate ticked up slightly by 10 basis points (bps) from the previous quarter."

"We are pleased to release the latest State of the U.S. Industrial Market. This quarterly report provides key metrics on supply, demand and pricing of industrial real estate along with analysis of related economic drivers including ports, labor and reshoring at both national and market-level geographies."

"The overall average asking rent of $43.63 per square foot (psf) was up 4.6% year over year and is expected to continue to increase in 2024"

"Baltimore's Q1 2024 leasing activity met the five-year average for the second  consecutive quarter."

"Availability of 24.0% reached a new high, ending 110 basis points higher than Q1 2023"

"Total availability of 20.4% decreased 50 basis points year over year due to strong leasing activity"

"Uptick in leasing activity to 1.6 million square feet (msf) is above the 5-year quarterly average of 1.4 msf"