Q1 2026 Industrial Market Reports

"New developments continue to break ground while absorption remains positive."

"Average asking rents increased to $10.37 per square foot (psf) in Q1 2026, up from $9.51 psf one year earlier"

"Vacancy has begun to stabilize following a wave of new deliveries, increasing 60 basis points (bps) year over year"

"Vacancy increased by 50 basis points (bps) over the last year"

"Vacancy decreased by 30 basis points (bps) in the first quarter to 8.9%."

"The market’s vacancy rate ended Q1 2026 near historic highs, rising 140 basis points (bps) year over year ending Q1 2026 at 9.2%."

"Tampa Bay’s industrial vacancy rate continues to climb, rising 90 basis points year over year from 8.2% to 9.1%"

"The East Bay/Oakland industrial vacancy rate has continued to climb to 8.8%"

"Nashville’s vacancy rate rose 50 basis points year over year to a high of 7.0%"

"Deliveries totaled 0.2 million square feet (msf) in Q1 2026, while construction declined to 1.8 msf"