Q1 2026 Industrial Market Reports

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

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

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

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

"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%"

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

"The construction pipeline is slowing, falling below 10.0 million square feet (msf) for the first time since mid-2022."

"Vacancy increased by 190 basis points (bps) over the last year, from 9.2% to 11.1%"

"Vacancy has continued trending downward, declining 160 basis points (bps) year over year."