U.S Industrial Market Report | Q1 2023

Tampabay  /   June 6, 2023

U.S Industrial Market Report | Q1 2023

While industrial demand is shifting back towards normalized levels, the sector remains strong. Check out the full report below presented by Cushman and Wakefield. 

Highlights: 

• • • Industrial Supply
      • – Vacancy Rate |3.6% – Up 40 bps YOY
      • – New Construction |663.3 msf of space under construction – lowest total since Q1 2022
    • Industrial Demand 
      • – Industrial Deal Activity |  136.9 msf in Q1
      • – Overall Absorption | 62.5 million
    • Market Pricing
      • – Asking Rent, PSF | $9.19 psf triple net – a 3.5% increase QoQ
    • Economic Indicators
      • – U.S Unemployment Rate | 3.5 %
      • – Industrial-Using Employment | 42.9 M

Download the full report here

View Cushman and Wakefield’s Historical Reports 

 

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

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