U.S Industrial Market Report | Q2 2022

Tampabay  /   July 19, 2022

U.S Industrial Market Report | Q2 2022

Once again the U.S Industrial Market proves it’s strength through Q2 2022 with record low vacancy rates, a robust pipeline of new construction activity coming to market soon, and strong levels of leasing activity across every market. Check out the full report below presented by Cushman and Wakefield. 

Highlights: 

• • • Industrial Supply
      • – Vacancy Rate |3.1% – Down 120 bps YOY
      • – New Construction |193.8 msf delivered YTD – A 27.5% increase from this time last year
      • – New Product Under Construction | 699 million SF – 177% above the `10-year average
    • Industrial Demand 
      • – Industrial Leasing Activity |  408.2 msf  YTD
      • – Overall Absorption | 236.3 msf – The south accounting for 45% of new absorption
    • Market Pricing
      • – Asking Rent, PSF | $8.36 psf triple net – a 19% increase YoY
    • Economic Indicators
      • – U.S Unemployment Rate | 3.6 %
      • – Industrial-Using Employment | 41.3 M

Download the full report here

View Cushman and Wakefield’s Historical Reports 

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Have questions about the report or looking for more information about TBIA’s available listings in the Tampa Bay area? Please reach out to the team!

John Jackson, SIOR, CCIM. | Managing Director 

813 424 3202 | John.Jackson@cushwake.com

JT Faircloth | Director 

813 833 3242 | Jt.Faircloth@cushwake.com

Casey Perry | Associate 

813 233 6464 | Casey.Perry@cushwake.com

View TBIA’s Available Listings Here: LoopNet | Cushman & Wakefield 

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