Veuillez noter que la page demandée n’est pas disponible dans la langue par défaut sélectionnée. Vous utilisez notre plateforme dans une autre langue maintenant.

Industrial and logistics real estate in the United States - statistics & facts

The U.S. big-box industrial real estate market has shown incredible resilience during the coronavirus crisis and the period of economic uncertainty that followed. The sector attracted over 142 billion U.S. dollars worth of investments in 2022, making it the second-largest asset class after multifamily. Industrial property is a type of commercial real estate that ranges from small lightly zoned buildings—commonly referred to as "flex" properties—to larger office/warehouse properties, to the enormously large "big-box" industrial properties; typically retail establishments such as megastores and supercenters. In March 2023, industrial real estate had a delinquency rate for commercial mortgage-backed securities (CMBS) lower than any other property type – a sign of the healthy market fundamentals in the sector.

Industrial big-box real estate – a mature market

With the coronavirus crisis accelerating the growth of e-commerce, there is a strong demand for big-box industrial properties, which are usually used as distribution centers. The number of these buildings has steadily increased over the past 10 years to meet the growing appetite. Though the amount of floor space has also been growing year-on-year, in 2021 and 2022, the vacancy rate of industrial big-box real estate plummeted, reflecting supply struggling to keep up with demand. Naturally, these strong market fundamentals have led to rental rates in the sector increasing. Rental growth was especially strong in 2022, when the average square meter rent of big-box properties rose by 1.4 U.S. dollars in just one year.

Focus on the major industrial hubs

The absorption rate is the net change in occupied space over a given period of time and is an easy way to measure leasing activity. It is calculated by summing all the positive changes in occupancy (move ins) and subtracting all the negative changes in occupancy (move outs). Dallas/Ft. Worth, and Houston, TX, were two of the leading industrial real estate leasing markets in the U.S. with net absorption exceeding 30 million square feet in 2022. Other important industrial and logistics markets include Chicago, IL – important because of its strategic location and easy access to most U.S. states – and Lost Angeles, CA – one of the busiest seaports. Renting an industrial property in Los Angeles, CA cost over 20 U.S. dollars per square foot in 2022, higher than in any other city.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Dec 18, 2023

Key insights

Number of big-box distribution centers
6.2k
Vacancy rate of big-box distribution centers
6.9%
Annual taking rent per sf
8.1 USD
Get more insights

Editor’s Picks Current statistics on this topic

Average rent per square foot paid for industrial space in the United States from 4th quarter 2020 to 4th quarter 2022, by type

Industrial

Average rent per square foot paid for industrial space U.S. 2020-2022, by type

Total industrial real estate in the United States in the fourth quarter of 2022, by type (in million square feet)

Logistics

Total industrial real estate stock in the U.S. 2022, by type

Industrial and logistics real estate vacancy rates in the United States from 1st quarter 2017 to 4th quarter 2023

Industrial

Industrial and logistics real estate vacancy rate in the U.S. 2017-2023, per quarter

Related topics

More on commercial real estate

5

Other markets worldwide

4

Other recommended topics

4

Recommended statistics

Overview

7

Overview

Investment market

11

Investment market

Occupier market

7

Occupier market

Inland Empire, California

4

Inland Empire, California

Pennsylvania/New Jersey

4

Pennsylvania/New Jersey

Dallas/Ft. Worth, Texas

5

Dallas/Ft. Worth, Texas

Further reportsGet the best reports to understand your industry

eBay Inc.
eBay Inc.
Commercial real estate in the United States
Commercial real estate in the United States
Office real estate in the United States
Office real estate in the United States
Amazon Prime
Amazon Prime
Retail real estate market in the United States
Retail real estate market in the United States
Data center real estate worldwide
Data center real estate worldwide

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)
Email
support@statista.com

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)
Email
eu.support@statista.com

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
Email
latam@statista.com

Mon - Fri, 9am - 6pm (EST)

Menu