Search By Topic The Green Supply Chain Distribution Digest
Supply Chain Digest Logo

Supply Chain News Bites

Supply Chain Graphic of the Week: A Look at Warehouse Rates and Vacancies across US Markets


Average Rates Way Up, Vacancies Down Again, but Huge Differences Across Metro Markets

Oct. 25, 2017
SCDigest Editorial Staff

Despite some predictions for a slowdown in 2H 2017, as we reported earlier this week the market for distribution space in the US remains very hot, according to Q3 analysis from real estate firms JLL and CRBE. (See Market for Warehouse Space Continues to Defy Gravity, with Rates Up and Vacancies Down again in Q3.)


CBRE, for example, found that demand for space exceeded supply for the 28th time in the past 30 quarters, with the industrial market's "availability rate" falling to 7.7%, the lowest level since all the way back in 2001. Meanwhile, the tight supply pushed net asking rents up by 1.6% for the quarter and 6.3% year-over-year to $6.88 per sq. ft. - the highest mark since CBRE began tracking this metric in 1989.


But of course, rates and availability vary dramatically by individual markets. The list below shows CBRE data for the top 60 metro markets, where that variability is easily seen.



Rates may average $6.88 per square foot nationally, but in the San Francisco area they are a hefty $30.56, $21.72 in nearby San Jose, and $12.12 in San Diego. Meanwhile, space is going for just $3.29 in Greenville, SC, and only $4.06 in Cincinnati, even though the area is a popular logistics hub.


Vacancy rates in Oakland are just 1.1%, with a number of markets under 5%. Amazingly in our view, none of the 60 markets has vacancy rates of 10% of more.


Any Feedback on our Supply Chain Graphic of the Week? Let us know your thoughts at the Feedback section below.


Your Comments/Feedback




Follow Us

Supply Chain Digest news is available via RSS
RSS facebook twitter youtube
bloglines my yahoo
news gator


Subscribe to our insightful weekly newsletter. Get immediate access to premium contents. Its's easy and free
Enter your email below to subscribe:
Join the thousands of supply chain, logistics, technology and marketing professionals who rely on Supply Chain Digest for the best in insight, news, tools, opinion, education and solution.
Home | Subscribe | Advertise | Contact Us | Sitemap | Privacy Policy
© Supply Chain Digest 2006-2013 - All rights reserved