Demand for supply chain efficiency coupled with the historic boom in household spending on consumer goods is causing organizations to seek industrial space at unprecedented levels. For another consecutive quarter, vacancy is at a record low. Rent growth, net absorption, and the amount of delivered construction projects are at record highs.
National industrial real estate trends
- The national vacancy rate is 4.1%, which is among the lowest number ever recorded
- Rent growth increased at a rate of 9.9% in Q1 2022, a near 2% increase from Q4 2021
- Developers across the country are breaking ground on new construction at a record pace, with 580 million SF currently under construction
- Real estate investment capital is getting funneled into industrial real estate at record-high levels as industrial properties remain more attractive to most investors than other property types such as office and retail
- Port markets and developer-friendly markets are seeing the most uptick in leasing activity
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If you’d like to learn more about the nation’s industrial real estate outlook, download the full report below. This report will give you full insight to the topics mentioned above along with a variety of other statistics to help you stay ahead of market trends.
Information contained in this report is provided, in part, from third-party sources, including Cresa, the U.S. Bureau of Labor Statistics, the Bureau of Economic Analysis, Real Capital Analytics, and CoStar Group. Even though obtained from sources deemed reliable, no warranty or representation, expressed or implied, is made as to the accuracy of the information herein.
