2019 National Industrial Occupancy
- Jul 23, 2019
Vacancy rates for industrial markets decreased in almost every region in the first quarter of 2019. Vacancy was down 20 basis points in the Midwest and also by 20 basis points in the Northeast, followed by a 10-basis point drop in the South. The only positive change came from the West (up 20 basis points). On a national level, vacancy rates decreased by 10 basis points compared to the first quarter of 2018 and recorded a notable drop of 50 basis points compared to the same interval in 2017. Vacancy rates are expected to decrease in almost every region in the first quarter of 2020, dropping 40 basis points on a national level. Vacancy in the West is projected to decrease the most (70-basis-point decline), followed by the South (down 40 basis points) and the Midwest (down 30 basis points). Vacancy rates in the Northeast are expected to fall only by 10 basis points.
—Posted on July 23, 2019