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Five Fast Industrial Facts I-4 Corridor

Josh Faircloth • 8/8/2023
What you need to know in today's I-4 Corridor commercial real estate (CRE) Market.

Read our Five Fast Facts for more insight into the key trends that impacted the I-4 Corridor’s industrial market during the second quarter. 

    Although quarterly demand decreased to the lowest levels since Q4 2018, leasing activity totaled over 5.4 MSF through Q2 and nearly 71.0 MSF over the past five years, the 10th highest volume in the U.S. during this time.  

    Overall vacancy was down 40 BPS YOY to 4.4%, well below the 5-year average of 6.3%, but could record an uptick as 8.9 MSF of speculative product is expected to deliver by year-end. 

    There were nearly 4.6 MSF of tenant move-ins through the first half of 2023, the 9th largest amount in the country. 

    More than 4.2 MSF of new product delivered through the first half of the year, which was already 78% of the total that delivered throughout 2022. 

    Rents increased 12.5% YOY to $7.82 PSF NNN, as all three markets eclipsed all-time high average rates due to a combination of limited supply and new product hitting the market with premium asking rates.  
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Market Matters: Exploring Real Estate Investment Conditions & Trends

Welcome to the latest edition of “Market Matters”; a biweekly perspective of current Capital Markets themes from Cushman & Wakefield's research professionals. In this newsletter, we explore current conditions, short-term developments and long-term economic trends so you can better understand their impact on the real estate investing environment. 

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