2018 National Industrial Occupancy

Year-over-year industrial vacancy rate percentages compared nationally and by region, updated quarterly.
Source: CoStar Group Inc.

Vacancy rates increased for industrial markets year-over-year only in the West (up by 20 basis points), declining in every other region—down by 20 basis points in the Midwest and South, respectively, and down by 40 basis points in the Northeast. On a national level, vacancy rates dropped by 10 basis points compared to the fourth quarter of 2017 and decreased by 40 basis points compared to the same quarter in 2016. Vacancy rates for the fourth quarter of 2019 are expected to decrease in almost every region, dropping 40 basis points on a national level. Rates in the West are projected to decrease the most, down by 50 basis points, followed by the South (down by 40 basis points) and Midwest (down by 30 basis points). Vacancy rates in the Northeast are expected to remain unchanged compared to the fourth quarter of 2018.

—Posted on Apr. 23, 2019


Source: CoStar Group Inc.

Vacancy rates dropped slightly for most industrial markets year-over-year, with the Northeast leading the way (down by 50 basis points), followed by the South (down by 30 basis points) and the Midwest (down by 10 basis points). The only growth came from the West, where rates increased by 10 basis points in the third quarter of 2018. Vacancy rates decreased by 20 basis points on a national level compared to the third quarter of 2017 and decreased by 50 basis points compared to the same period in 2016. Vacancy rates for the third quarter of 2019 are projected to decrease in every region, dropping by 10 basis points on a national level. Rates in the West are expected to decrease the most, down by 20 basis points, while forecasts for the Midwest, Northeast and South show a decline of 10 basis points for each.

—Posted on Jan. 11, 2019


Source: CoStar Group Inc.

Vacancy rates dropped slightly for industrial markets year-over-year in August. In the Northeast, vacancy rates decreased by 5.1 percent. The South followed with a 4.8 percent decline, and the West decreased by 2.1 percent. The smallest change came from the Midwest, where rates fell by 0.5 percent in the third quarter of 2018. Vacancy rates decreased by 3.3 percent on a national level compared to the third quarter of 2017, and declined by 13.3 percent compared to the same period in 2016. Industrial vacancy rates are projected to increase in almost every region, growing by 1.8 percent on a national level. Rates in the West are expected to increase the most, up by 3.9 percent, followed by the South (up 2.8 percent), and the Northeast (up 0.6 percent). Vacancy rates in the Midwest are expected to fall by 0.9 percent.

—Posted on Oct. 11, 2018


Source: CoStar Group Inc.

Vacancy rates dropped slightly for industrial markets in every region year-over-year, with the biggest change recorded in the South, down by 5.4 percent in the first quarter of 2018. The slightest change took place in the Northeast, where vacancy rates decreased by almost 1 percent. Vacancy rates decreased by 4.2 percent on a national level, compared to the first quarter in 2017, and by 14.5 percent compared to the same period in 2016. Vacancy rates for industrial markets are projected to increase in every region, growing by 8.2 percent on a national level. Rates in the West are expected to increase the most, up by 14.0 percent, followed by the Northeast (up by 9.9 percent) and the South (up by 5.7 percent), while rates in the Midwest are expected to grow by 4.4 percent.

—Posted on July 11, 2018


Source: CoStar Group Inc.

Vacancy rates decreased slightly for industrial markets year-over-year in every region, with minor changes registered in the Northeast, from 4.9 percent to 4.5 percent, and in the South, from 5.6 percent to 5.3 percent in the fourth quarter of 2017. On a national level, vacancy rates registered a very slight drop of 20 basis points compared to the fourth quarter in 2016, and a 90-basis-point decline compared to the same period in 2015. The West recorded a 10-basis-point decrease the smallest adjustment year-over-year, inching down 10 basis points. Vacancy rates for industrial markets are expected to increase slightly or remain unchanged in some regions, growing by 10 basis points on a National level. Vacancy rates in the Northeast and the West are expected to increase by 20 basis points, while rates in the South are projected to remain unchanged.

—Posted on April 18, 2018


Source: CoStar Group Inc.

Vacancy rates for industrial markets are anticipated to experience minor decreases or remain unchanged in some regions, falling by only 0.3 percent on a National level. The Northeast is not projected to record any changes, while rates in the South are expected to decrease by 0.4 percent.

—Posted on Jan. 30, 2018