Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly *****U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below ****percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market, causing the vacancy rate to increase and the pressures on rent to ease.

Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q3 2024 about real estate, commercial, rate, and USA.

The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.

This dataset package is focused on U.S construction materials and three construction companies: Cemex, Martin Marietta & Vulcan.

In this package, SpaceKnow tracks manufacturing and processing facilities for construction material products all over the US. By tracking these facilities, we are able to give you near-real-time data on spending on these materials, which helps to predict residential and commercial real estate construction and spending in the US.

The dataset includes 40 indices focused on asphalt, cement, concrete, and building materials in general. You can look forward to receiving country-level and regional data (activity in the North, East, West, and South of the country) and the aforementioned company data.

SpaceKnow uses satellite (SAR) data to capture activity and building material manufacturing and processing facilities in the US.

Data is updated daily, has an average lag of 4-6 days, and history back to 2017.

The insights provide you with level and change data for refineries, storage, manufacturing, logistics, and employee parking-based locations.

SpaceKnow offers 3 delivery options: CSV, API, and Insights Dashboard

Available Indices Companies: Cemex (CX): Construction Materials (covers all manufacturing facilities of the company in the US), Concrete, Cement (refinery and storage) indices, and aggregates Martin Marietta (MLM): Construction Materials (covers all manufacturing facilities of the company in the US), Concrete, Cement (refinery and storage) indices, and aggregates Vulcan (VMC): Construction Materials (covers all manufacturing facilities of the company in the US), Concrete, Cement (refinery and storage) indices, and aggregates

USA Indices:

Aggregates USA Asphalt USA Cement USA Cement Refinery USA Cement Storage USA Concrete USA Construction Materials USA Construction Mining USA Construction Parking Lots USA Construction Materials Transfer Hub US Cement - Midwest, Northeast, South, West Cement Refinery - Midwest, Northeast, South, West Cement Storage - Midwest, Northeast, South, West

Why get SpaceKnow's U.S Construction Materials Package?

Monitor Construction Market Trends: Near-real-time insights into the construction industry allow clients to understand and anticipate market trends better.

Track Companies Performance: Monitor the operational activities, such as the volume of sales

Assess Risk: Use satellite activity data to assess the risks associated with investing in the construction industry.

Index Methodology Summary Continuous Feed Index (CFI) is a daily aggregation of the area of metallic objects in square meters. There are two types of CFI indices; CFI-R index gives the data in levels. It shows how many square meters are covered by metallic objects (for example employee cars at a facility). CFI-S index gives the change in data. It shows how many square meters have changed within the locations between two consecutive satellite images.

How to interpret the data SpaceKnow indices can be compared with the related economic indicators or KPIs. If the economic indicator is in monthly terms, perform a 30-day rolling sum and pick the last day of the month to compare with the economic indicator. Each data point will reflect approximately the sum of the month. If the economic indicator is in quarterly terms, perform a 90-day rolling sum and pick the last day of the 90-day to compare with the economic indicator. Each data point will reflect approximately the sum of the quarter.

Where the data comes from SpaceKnow brings you the data edge by applying machine learning and AI algorithms to synthetic aperture radar and optical satellite imagery. The company’s infrastructure searches and downloads new imagery every day, and the computations of the data take place within less than 24 hours.

In contrast to traditional economic data, which are released in monthly and quarterly terms, SpaceKnow data is high-frequency and available daily. It is possible to observe the latest movements in the construction industry with just a 4-6 day lag, on average.

The construction materials data help you to estimate the performance of the construction sector and the business activity of the selected companies.

The foundation of delivering high-quality data is based on the success of defining each location to observe and extract the data. All locations are thoroughly researched and validated by an in-house team of annotators and data analysts.

See below how our Construction Materials index performs against the US Non-residential construction spending benchmark

Each individual location is precisely defined to avoid noise in the data, which may arise from traffic or changing vegetation due to seasonal reasons.

SpaceKnow uses radar imagery and its own unique algorithms, so the indices do not lose their significance in bad weather conditions such as rain or heavy clouds.

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Commercial property prices in the U.S. plateaued in 2024 after declining in 2023. Between 2014 and 2021, commercial real estate prices nearly doubled, with the index reaching ***** index points. Following a slowdown in the market, the index declined, falling to ***** index points. Despite the correction, this indicated an increase of almost ** percent in prices since 2010, which was the baseline year for the index. How have prices of different property types developed over the past years? After more than a decade of uninterrupted growth, office real estate prices started to decline in 2022, reflecting a decline in occupier demand and a tougher lending environment. Industrial real estate prices, which have grown rapidly over the past few years, also experienced a correction in late 2022. Retail real estate prices displayed most resilience amid the difficult economic environment, with the equal weighed repeat sales index remaining stable. How much is invested in new commercial properties? The value of commercial real estate construction has been on the rise since 2010 in the United States. This trend mirrors the recovery seen across all economic sectors after the 2007-2009 recession. However, investment volumes in commercial property vary by type, with private office space, warehouses, and retails reading the pack.

After peaking in 2023, the average rent for industrial real estate for warehouse distribution use in New York City Metro declined. In the first quarter of 2024, the average rent was ***** U.S. dollars per square foot. Despite the decrease, this was notably higher than 2017, when it amounted to **** U.S. dollars. New York City Metro is one of the leading markets in the U.S. in terms of industrial and logistic state inventory.

Release Date: 2017-07-13.[NOTE: Includes firms with payroll at any time during 2015. Employment reflects the number of paid employees during the March 12 pay period. Data are based on Census administrative records, and the estimates of business ownership by gender, ethnicity, race, and veteran status are from the 2015 Annual Survey of Entrepreneurs. Detail may not add to total due to rounding or because a Hispanic firm may be of any race. Moreover, each owner had the option of selecting more than one race and therefore is included in each race selected. Respondent firms include all firms that responded to the characteristic(s) tabulated in this dataset and reported gender, ethnicity, race, or veteran status for at least one owner and were not publicly held or not classifiable by gender, ethnicity, race, and veteran status. The 2015 Annual Survey of Entrepreneurs asked for information for up to four persons owning the largest percentage(s) of the business. Percentages are for owners of respondent firms only and are not recalculated when the dataset is resorted. Percentages are always based on total reporting (defined above) within a gender, ethnicity, race, veteran status, and/or industry group for the characteristics tabulated in this dataset. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. and state totals for all sectors. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see Survey Methodology.]..Table Name. . Statistics for Owners of Respondent Employer Firms by Owner's Average Number of Hours Per Week Spent Managing or Working in the Business by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015. ..Release Schedule. . This file was released in July 2017.. ..Key Table Information. . These data are related to all other 2015 ASE files.. Refer to the Methodology section of the Annual Survey of Entrepreneurs website for additional information.. ..Universe. . The universe for the 2015 Annual Survey of Entrepreneurs (ASE) includes all U.S. firms with paid employees operating during 2015 with receipts of $1,000 or more which are classified in the North American Industry Classification System (NAICS) sectors 11 through 99, except for NAICS 111, 112, 482, 491, 521, 525, 813, 814, and 92 which are not covered. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. total.. For Characteristics of Business Owners (CBO) data, all estimates are of owners of firms responding to the ASE. That is, estimates are based only on firms providing gender, ethnicity, race, or veteran status; or firms not classifiable by gender, ethnicity, race, and veteran status that returned an ASE online questionnaire with at least one question answered. The ASE online questionnaire provided space for up to four owners to report their characteristics.. CBO data are not representative of all owners of all firms operating in the United States. The data do not represent all business owners in the United States.. ..Geographic Coverage. . The data are shown for:. . United States. States and the District of Columbia. The fifty most populous metropolitan areas. . ..Industry Coverage. . The data are shown for the total of all sectors (00) and the 2-digit NAICS code level.. ..Data Items and Other Identifying Records. . Statistics for Owners of Respondent Employer Firms by Owner's Average Number of Hours Per Week Spent Managing or Working in the Business by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015 contains data on:. . Number of owners of respondent firms with paid employees. Percent of number of owners of respondent firms with paid employees. . The data are shown for:. . Gender, ethnicity, race and veteran status of owners of respondent firms. . All owners of respondent firms. Female. Male. Hispanic. Non-Hispanic. White. Black or African American. American Indian and Alaska Native. Asian. Native Hawaiian and Other Pacific Islander. Some other race. Minority. Nonminority. Veteran. Nonveteran. . . Years in business. . All firms. Firms less than 2 years in business. Firms with 2 to 3 years in business. Firms with 4 to 5 years in business. Firms with 6 to 10 years in business. Firms with 11 to 15 years in business. Firms with 16 or more years in business. . . Owner's...

The average rent for warehouse space in Detroit, Michigan, experienced an overall rise between 2017 and 2024, despite some fluctuations. In the first quarter of 2024, rents peaked, reaching **** U.S. dollars per square foot. Detroit is among the markets with the most industrial and logistic real estate inventory in the United States.

Retail properties had the highest capitalization rates in the United States in 2023, followed by offices. The cap rate for office real estate was **** percent in the fourth quarter of the year and was forecast to rise further to **** percent in 2024. Cap rates measure the expected rate of return on investment, and show the net operating income of a property as a percentage share of the current asset value. While a higher cap rate indicates a higher rate of return, it also suggests a higher risk. Why have cap rates increased? The increase in cap rates is a consequence of a repricing in the commercial real estate sector. According to the National NCREIF Property Return Index, prices for commercial real estate declined across all property types in 2023. Rental growth was slow during the same period, resulting in a negative annual return. The increase in cap rates reflects the increased risk in the investment environment. Pricing uncertainty in the commercial real estate sector Between 2014 and 2021, commercial property prices in the U.S. enjoyed steady growth. Access to credit with low interest rates facilitated economic growth and real estate investment. As inflation surged in the following two years, lending policy tightened. That had a significant effect on the sector. First, it worsened sentiment among occupiers. Second, it led to a decline in demand for commercial spaces and commercial real estate investment volumes. Uncertainty about the future development of interest rates and occupier demand further contributed to the repricing of real estate assets.

The average rent for warehouse space in Atlanta, Georgia, experienced a significant rise between 2017 and 2024. By the first quarter of 2024, rents had more than doubled, reaching **** U.S. dollars per square foot. In 2017, this figure was **** U.S. dollars per square foot. In the U.S., Atlanta is one of the markets with the most industrial and logistics real estate inventory.

In 2023, the average vacancy rate for industrial and logistics real estate in the United States rose, marking the first increase since early 2020. As of the second quarter of 2024, approximately **** percent of industrial and logistics real estate was vacant - an increase of **** percentage points since the fourth quarter of 2022. Despite vacancies rising, in many of the major industrial markets, the vacancy rate stood below five percent. Why has the vacancy rate increased? High-quality warehousing and fulfillment centers are crucial to the e-commerce sector because they allow retailers to establish efficient processes, reduce costs, and meet consumer expectations. During the COVID-19 pandemic, e-commerce sales grew rapidly, driving demand for industrial and logistics real estate. Rising leasing activity led to the share of available space dropping notably. As development increased to meet this demand, 2023 experienced the highest amount of new completions and vacancies rising. Which are the largest U.S. industrial and logistics markets? Home to the largest port complex in North America and a gateway for the trade between Asia and North America, Greater Los Angeles is the market with the most industrial and logistics real estate stock. Nevertheless, when considering demand, Houston and Dallas/Ft. Worth, Texas, topped the ranking with the most industrial and logistics real estate absorbed in 2023. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

In 2024, global government expenditure for space programs hit a record of approximately 135 billion U.S. dollars. The United States Government spent around 79.7 billion U.S. dollars on its space programs in than year, making it the country with the highest space expenditure in the world. The U.S. was followed by China, with government expenditure on space programs of over 19 billion U.S. dollars. The Space Agencies Responsible for civilian space programs, as well space research and exploration, the space agencies have gained in importance over the past decades. Today, there are six government space agencies (NASA, CNSA, ROSCOSMOS, ESA, ISRO, and JAXA) with full launch and extraterrestrial landing capabilities. The National Aeronautics and Space Administration (NASA) is undoubtedly the most renowned of them all. Since its establishment in 1958, NASA has worked with international partners to enable human expansion across the solar system and beyond, bringing new knowledge and opportunities back to our home planet. It is therefore not surprising that most of their budget goes to toward science and exploration. NASA’s requested FY 2024 budget for all sectors is 27.2 billion U.S. dollars.

In 2019, there were a total of ** satellites launched, a decrease from the *** satellites launched in 2018. The satellite industry Humans were and still are fascinated by distant objects beyond their reach. This curiosity led to space observations and subsequently to space explorations. Started in the 1950s, the satellite industry grew at a rapid rate and by 2019 over ***** active satellites were orbiting the Earth. Despite extreme costly investments with no certainty of profitable returns, the satellite industry got developed at first because of political competition between the U.S. and the Soviet Union during the cold war. As a result of this political competition, a highly lucrative satellite market emerged offering far-reaching business opportunities including digitalization. The development of the internet and digitalization formed some of the most attractive investment prospects in the satellite industry. From the beginning of the 2000s, the revenue of the global satellite industry increased exponentially, generating roughly *** billion U.S. dollars in 2018. As a subset of the global satellite industry, the revenue of the satellite navigation equipment industry more than tripled from 2008 to 2018. Outlook of the satellite industry Digitalization impacts our daily life at a rapid rate, thus, creating a higher need for the expansion of the high-throughput satellite market. In 2017, the estimated size of the high-throughput satellite market was roughly three billion U.S. dollars. Yet, the market size is expected to grow exponentially in less than six years, reaching over ** billion U.S. dollars by 2023. Besides large-scale satellite operations, there are also relatively small satellites launched for various purposes. Applications such as remote sensing, communication and navigation are some of the drivers of the commercial small satellite industry. Between 2018 and 2030, small satellite launches worldwide will increase exponentially in all application sectors, including defense, government, academic and commercial. In comparison, the commercial small satellite sector is projected to become the largest and fastest-growing segment in that market.

Most of the industrial real estate stock in the United States was warehouse and distribution facilities in 2022. As of the fourth quarter of the year, about 11.1 billion of the 14.8 billion square feet of industrial real estate fell in this category. Special purpose space was the smallest category, but the highest average rent.

In the United States, vacancy rates across the retail sector hit an average of 4.4 percent in the second quarter of 2022. Physical retail locations, such as shopping malls and free-standing stores, suffered a particularly heavy blow from the COVID-19 pandemic.

Brick-and-mortar retailers hit the hardest Vacancy rates have increased across a number of sectors in the U.S. during 2020, but none more so than the retail industry. Lockdown restrictions implemented across the country to contain the spread of the coronavirus led to steep declines in physical retail sector traffic. Retailers are once again open for business, but many stores are operating at a much lower capacity due to new health and safety guidelines. However, the reopening of the economy has come too late for some, and there have been widespread retail store closures.

Greater demand for industrial real estate Many vacant retail buildings could soon be repurposed as industrial properties. Demand for warehousing and flexible spaces has remained relatively high throughout the COVID-19 pandemic, and one reason for this is the sales growth of eCommerce platforms. Industrial properties are ideal for online startups that require extra storage and distribution space. Industrial vacancy rates stood at an average of 4.1 percent in the first quarter of 2022, which was lower than several other sectors.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.

The average rent for warehouse distribution purposes in the Dallas-Fort Worth region experienced a significant rise between 2017 and 2024. By the first quarter of 2024, rents had doubled, reaching **** U.S. dollars per square foot. In 2007, this figure amounted to **** U.S. dollars per square foot. In the U.S., Dallas-Fort Worth is one of the markets with the most industrial and logistics real estate inventory.

Greater Mexico City, Tijuana, and Guadalajara had the highest annual rent per square foot of industrial real estate among select cities in Mexico in 2024. In the second half of the year, the annual rent for a square foot of industrial space in Monterrey, the second-largest market in the country, stood at **** U.S. dollars per square foot.

Although it was not a united country until 1871, industrialization across Germany began in the early 1800s, and it quickly saw Germany emerge as a Great Power in Europe. German industrialization was largely driven by coal and steel production, of which Germany had rich deposits, and these were used in construction and infrastructure to modernize the country. The mechanization of agriculture also fed into this, as many people from rural regions flocked to cities in search of work. Many of the coal and iron deposits were located in Germany's west, particularly around the Rhine and Ruhr regions, and industry here benefitted from strong rail and water transport networks. Today, with over five million inhabitants, the Ruhr region is the most populous metropolitan area in the country, largely due to these developments. While Germany was among the most advanced nations in the world by the end of the 19th century, industrial output grew higher still in the 20th; between 1896 and 1913, industrial output in Germany doubled. Interwar turmoil After the First World War, Germany lost its resource rich territories of Alsace-Lorraine and the Saarland, while the Rhine and Ruhr regions were also occupied by France, and much of its industrial output was sent to other countries as war reparations. Hyperinflation in 1923 also saw the collapse of the German economy, and it was not until the late-1920s that economic recovery from the war truly began, although this was also short-lived. As Germany had been dependent on financial aid from the U.S. in order to recover and meet its reparation payments, the Great Depression in the U.S. had dire consequences for the German economy. From 1929 until 1932, industrial output fell once more, and many historians point to this economic difficulty as a catalyst for the rise of nationalism and fascism in Germany. The Nazi Party then ascended to power in 1933, the year the Depression ended, and the economy was restructured to support a war of expansion. Among other factors, this involved tax breaks for large businesses, allowing cartels to control local business, increasing average working hours, and prioritizing industrial employment by importing food from the east. The strength of Germany's industry then allowed the Axis powers to take control of most of Europe during the Second World War, but it was ultimately defeated by 1945. Post-war split Following the war, Germany was split into two separate states; commonly referred to as East and West Germany. The west was a liberal democracy with a free-market economy, while the east was a communist state with a command economy, yet both became leaders in their respective trading blocks during the Cold War. When looking at industrial growth over the next three decades, using output in 1963 as a benchmark, East Germany's output grew over nine times larger from 1949 to 1975, whereas West Germany's grew by a factor of six. It is important to remember, however, that the west was larger, more populous, and starting from a more industrially developed point than the east, therefore it was consistently more advanced. The West also had fewer restrictions placed on it from other nations after the war, and it played a leading role in European integration; whereas the East was influenced more heavily by the USSR and it had less trade with other advanced nations, which hindered its technological development. West Germany's output took a hit in the 1970s due to the 1973-1975 Recession, whereas the East's economy was protected as it had little trade with the U.S. and its partners. However, the West quickly recovered and economic stagnation in the East throughout the 1980s would contribute to the eventual collapse of the Eastern Bloc, and Germany was officially reunified in 1990.