More Than Half Of U.S. Warehouse Space Built In Q1 2025 Is Vacant

The U.S. industrial sector can`t seem to shake the effects of the pandemic-era wave of warehouse development.

Speculative development accounted for 71% of the 73M SF of industrial space that delivered in the first quarter, according to Cushman & Wakefield. Roughly 45M SF of spec space came online vacant, nudging vacancy up 30 basis points to 7%.   ...more

RSK: A slight dip in absorption. We shall see what happens as the tariff questions are finally resolved.