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Columbus Q2 2026 Industrial Market Report
"Vacancy continued to decline through the first half of 2026, ending Q2 at 6.6%, a 260 bps decline year over year, as strong big-box demand and net absorption drove the market's recovery."
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"Vacancy continued to decline through the first half of 2026, ending Q2 at 6.6%, a 260 bps decline year over year, as strong big-box demand and net absorption drove the market's recovery."
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"The Denver vacancy rate decreased to 9.6% in Q2 2026, down 20 basis points year over year. However, negative net absorption of nearly 600,000 square feet (sf) in Q2 unwound the vacancy decline observed in Q1."
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"Although asking rents held steady at $1.30 per square foot year over year, landlords continued to offer concessions and flexible lease terms to remain competitive."
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"A robust construction pipeline remains in place for the Edmonton market. Approximately 1.0 million square feet (msf) is underway in the Nisku/Leduc submarket alone, accounting for more than half of the current pipeline."
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"Construction increased to 8.3 million square feet (msf), up 1.9 msf year over year, with Wilson County and the Southeast submarket accounting for much of the market's development activity."
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"Average asking rents increased to $10.52 per square foot (psf) in Q2 2026 from $9.62 psf one year earlier, supported by 2.4 million square feet (msf) of positive absorption over the past four quarters."
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"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."
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"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."
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"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."
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"The vacancy rate held steady at 16.1% for the second consecutive quarter, marking the first pause in vacancy growth since 2023. However, the market remains tenant-favorable."