CommercialEdge just released its August industrial report analyzing the US office market’s performance through July 2022.
The industrial market is also affected by the supply chain disruptions that are compromising post-COVID plans for all economic and consumer sectors. Vacancies are reaching historic lows due to the high demand, as new deliveries are slowed down by supply chain issues.
Key findings from our report:
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The average national in-place rent increased 5.3% year-over-year to reach $6.60
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Demand pressures drove the U.S. industrial vacancy rate further down to just 4.4%
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Nearly 200 million square feet of new space were delivered in the first seven months
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Year-to-date industrial sales totaled $49.9 billion at a $130 per-square-foot sale price
For more insights and market-specific data, check out our full report here: https://www.commercialedge.com/blog/national-industrial-report/
