Industrial Market Index

As the U.S. logistics real estate sector is normalizing after historic new deliveries, occupiers still have opportunities for leverage in dynamic markets.

Industrial Sector Trends 

The industrial warehouse and distribution market remains closely tied to consumer demand and broader economic conditions. Ongoing macroeconomic volatility and uncertainty around trade policy continue to complicate decision-making, while many major logistics markets are still absorbing supply delivered during the post-COVID development cycle. As a result, rent growth has moderated and availabilities, including sublease space, have increased. 

However, industrial market conditions vary significantly across the United States, with some regions continuing to experience tight fundamentals while others work through elevated industrial vacancy rates and new supply. For occupiers, this makes it increasingly important to evaluate local market dynamics, development pipelines, and landlord leverage rather than relying solely on national trends. More disciplined markets with limited speculative development have generally remained more resilient. 

Looking ahead, shifting supply and demand dynamics will continue to create both challenges and opportunities, making a deep understanding of local market conditions and occupier leverage increasingly important when evaluating renewals, relocations, and new requirements

Download the industrial index to view markets by tenant-favorability.