CommercialEdge released its September Industrial report analyzing the U.S. office market’s performance through August 2022.
The risks of producing goods overseas have been brought to the forefront in the past years by the pandemic and the global geopolitical context, among others.
As a result, many companies are already working on transferring their operations back to the U.S. The semiconductor industry is already reshoring, making it easier for other manufacturers to follow suit.
Key findings from our report:
The average U.S. in-place rent stood at $6.64 per square foot, up 5.5% year-over-year
Down 30 basis points month-over-month, the national vacancy rate rested at 4.1%
703.5 million square feet of new industrial space was under construction at the end of August
The national industrial sales volume totaled $57.6 billion in the first eight months of the year
For more insights and market-specific data, check out our full report here: https://www.commercialedge.com/blog/national-industrial-report/