2023 Industrial Sublease Report

After consumer demand triggered warehouse/ distribution space needs to skyrocket, lease rates and vacancy have hit historic levels. Since the start of 2022, interest rate hikes and nagging inflation has negatively impacted purchasing power, resulting in softening demand. Recent reports indicate that excess truck capacity is increasing, causing truckload rates to decrease. While this might be short-lived, tenants may have a small window to negotiate more favorable terms.

Download the report to see how industrial sublease space has changed over the past 12 months.