Southeastern Industrial Boom Driven by Port Activity

CommercialEdge just released its monthly national industrial report, looking at the US industrial market’s performance through January 2022.
The industrial real estate market had a strong start to the year, recording solid price growth in both leasing and transactions. Furthermore, the supply boom continues in terms of construction and planned projects alike, with southeastern port markets rapidly expanding.
Key takeaways from our report:

  • The national average rent for industrial space increased by 4% year-over-year, hitting $6.46 per square foot in January.
  • Industrial vacancies averaged 5.5% across the top 30 U.S. markets, down 20 basis points from the previous month.
  • Sales prices continued their five-quarter upward trend and reached $135 per square foot, while industrial sales recorded through the end of January totaled $3.6 billion.
  • The construction pipeline expanded to nearly 588 million square feet, representing 3.5% of the total industrial stock nationwide.

For more insights and market-specific data, here’s the link to our full report: https://www.commercialedge.com/blog/national-industrial-report/

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