CommercialEdge just released its May national industrial report analyzing the U.S. industrial market’s performance through April 2022.
Despite slowing economic growth and persistent inflationary pressures, this commercial real estate sector remains strong, as drivers of industrial demand seemlikely to stay solid in the short term and beyond.
Other key takeaways include:
The average national rent for industrial spaces rested at $6.47 per square foot
Vacancies for U.S. industrial space remained flat at 5% in April
National construction pipeline surpasses 640 billion square feet
The average sale price reached $135 per square foot
For more insights and market-specific data, check out our full report here: https://www.commercialedge.com/blog/national-industrial-report/