Industrial Reports

Industrial tenants continue to pay increasing lease rates, with new contracts $1.38/sq .ft higher than in-place rents.

After 7 consecutive quarters of growth, in Q3 2022 the national average sale price came in $6 below Q2, resting at $131/sq. ft.

National lease spread hits historic high at $1.45 per square foot, with some markets, like Los Angeles, are seeing gaps as wide as $4.89.

Q2 closes as the 7th consecutive quarter of price increases for industrial assets, with the national average sale price reaching $138/sq. ft.

The national vacancy rate contracted to 4.7%, as sustained demand for industrial space continues to tighten vacancies across the U.S.

The national industrial sales price reached $135 PSF for a $19 billion year-to-date total, despite slower sales activity than in 2021.

Southern California continues to heat up under e-commerce pressure, major investor interest, land constraints and ever-tightening vacancy rates.

Despite the burgeoning U.S. development pipeline, rents and listing rates remain on a steady upward trajectory.

Demand for southeastern port markets is on the rise as industrial rents continue a five-quarter upward trend.

Refrigerated storage space sees growing demand while the average rent for U.S. industrial space climbs to $6.40 per square foot.