{"id":9323,"date":"2025-08-21T11:38:00","date_gmt":"2025-08-21T11:38:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9323"},"modified":"2025-09-18T08:17:04","modified_gmt":"2025-09-18T08:17:04","slug":"u-s-industrial-market-outlook-july-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/u-s-industrial-market-outlook-july-2025\/","title":{"rendered":"U.S. Industrial Market Outlook \u2013 July 2025"},"content":{"rendered":"\n

Read the latest Yardi Matrix Industrial Market Report<\/a><\/strong>.<\/p>\n\n\n\n

\n\n\n\n

Report Highlights<\/h2>\n\n\n\n

\u2022 In-place rents averaged $8.60 per square foot nationally in June, up 6.2 percent year-over-year
\u2022 The vacancy rate rose to 9.0 percent, the highest level recorded this decade
\u2022 146.6 million square feet of industrial space were completed year-to-date
\u2022 Projects under construction totaled 341.8 million square feet, accounting for 1.7 percent of national inventory
\u2022 Industrial sales volume reached $27.6 billion through June, with assets trading at $130 per square foot on average <\/p>\n\n\n\n

Vacancy rate reaches decade high<\/h2>\n\n\n\n

The national vacancy rate climbed to 9.0 percent in June, marking a 290-basis-point increase over the past year. This shift follows a multi-year development surge, with more than 2 billion square feet of new industrial space delivered between 2020 and 2024. Leasing activity has moderated in 2025, as companies reassess supply chain strategies and delay commitments amid tariff-related uncertainty. <\/p>\n\n\n\n

Rent growth remains steady, with Miami leading all metros at 9.4 percent year-over-year. The average national rate for leases signed in the past 12 months was $10.17 per square foot, $1.57 higher than the overall in-place average. <\/p>\n\n\n\n