"The market’s vacancy rate ended Q2 2026 at 8.6%, declining year over year. Although vacancy remained elevated, slowed construction and positive net absorption are beginning to stabilize market fundamentals."

"Deliveries totaled 0.1 million square feet (msf) in Q2 2026, while construction increased to 2.0 msf, up 0.2 msf year over year, a sign of growing developer confidence."

"Tampa Bay’s industrial vacancy rate reached 9.3%, up 90 basis points year over year. However, for the first time since mid-2023, the vacancy rate did not increase quarter over quarter."

"Vacancies are up by 30 basis points (bps) year over year, but declined in Q2 2026, with net absorption reaching its highest quarterly total in a year."

"Vacancy increased by 70 basis points (bps) in the second quarter to 8.9%. The Orange County industrial market recorded 178,155 square feet (sf) of positive absorption in Q2 2026."

"Average asking rent declined to $12.49 in Q2 2026 from $12.88 in the previous quarter as vacancy continued to rise and elevated availability weighed on pricing."

"The U.S. industrial sector closed out the first half of 2026 with its clearest signs of broad-based recovery in years, even as elevated energy costs and regional imbalances keep the rebound from being universal."

"U.S. office market dynamics have entered a new phase of recovery, with H1 2026 demand reaching levels that would have marked a strong first half even before the pandemic. "

"Suburban office availability rate declined for another consecutive quarter, reflecting steady tenant demand and a slow reduction in excess space within the market."

"An increase in available office space is providing occupiers with a wider range of choices and strengthening their positions when negotiating leaseterms and incentives."