With vacancy rates as low as 1.6% in Southern California and top markets experiencing double-digit rental growth, the industrial market continues to be challenging for tenants. National construction activity is up 48% from one year ago, which should help ease conditions going forward with current pipelines as high as 73 million square feet in Dallas-Fort Worth.

Download our complete Q1 2022 U.S. Industrial Market Update below to get the full picture and see how your market is performing in this rapidly evolving environment.