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.

Mexico City (CDMX) had the lowest vacancy rate of industrial and logistics real estate among the ranked Mexican cities in the second half of 2024. Conversely, Monterrey, Mexico's second-largest industrial and logistics market, the vacancy rate was *** percent.

Vacancy rate of Industrial Buildings

Vacancy rates across the key logistics hubs in Europe remained low in the second quarter of 2024, with Munich recording vacancy rates for warehouses and distribution centers as low as 1.2 percent. Vacancy rates show the share of vacant space in a particular market. With the popularity of consumer e-commerce on the rise, the demand for high-quality logistics spaces also increases, leading to a growing competition among occupiers and upward pressure on rents.

In 2024, around *** percent of Perth's industrial and logistics real estate inventory was vacant. In comparison, the vacancy rate of industrial and logistics real estate in Ho Chi Minh City was about ** percent that year.

Estimated vacancy rates by percentage, for commercial and industrial properties in England.

The data cover financial years and are derived from the amount of relief given by local authorities on business rates for empty properties.

The data are an indicator of business activity in an area, and serve to monitor the potential for new development.

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This data is no longer published. Download 1998-2005 data from NESS website

The vacancy rate of industrial and logistic real estate in the United Kingdom (UK) rose in 2024, doubling since the market dip in 2021. In 2024, about 6.5 percent of warehouses over 50,000 square feet were vacant, up from 3.2 percent in 2021. Big shed warehouses, or units over 100,000 square feet, experienced slightly higher vacancies, but the vacancy rate ranged between two and eight percent depending on the region.

In 2024, Marseille had the lowest vacancy rate for industrial and logistics properties over ***** square meters in France. In the first quarter of the year, approximately *** percent of large warehouses were vacant. The Greater Paris region, Île-de-France, experienced a significantly higher vacancy rate, at *** percent.

🇬🇧 영국 English Estimated vacancy rates by percentage, for commercial and industrial properties in England. The data cover financial years and are derived from the amount of relief given by local authorities on business rates for empty properties. The data are an indicator of business activity in an area, and serve to monitor the potential for new development. This data is no longer published. Download 1998-2005 data from NESS website

Vacancy rates for commercial and industrial properties in English local authorities (LAs) - Estimates of the value of empty property as a proportion of the total value of property to provide an indication of vacancy rates in each LA. Source: Communities and Local Government (CLG) Publisher: Neighbourhood Statistics Geographies: Local Authority District (LAD), County/Unitary Authority, Government Office Region (GOR), National Geographic coverage: England Time coverage: 1998/99 to 2004/05 Type of data: Administrative data (estimates from National Non-Domestic Rates 3 (NNDR3) return)

Netherlands NL: Job Vacancy Rate: Industry excl Construction data was reported at 4.300 % in Dec 2024. This records a decrease from the previous number of 4.400 % for Sep 2024. Netherlands NL: Job Vacancy Rate: Industry excl Construction data is updated quarterly, averaging 1.900 % from Mar 2001 (Median) to Dec 2024, with 96 observations. The data reached an all-time high of 4.800 % in Jun 2022 and a record low of 0.900 % in Dec 2009. Netherlands NL: Job Vacancy Rate: Industry excl Construction data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Netherlands – Table NL.Eurostat: Job Vacancy Rate.

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The Iowa Industrial New Jobs Training (260E) program provides employers expanding Iowa’s workforce with new employee training. The 260E program is designed to increase worker productivity and company profitability, and is administered by Iowa's 15 community colleges and financed through bonds sold by the colleges. Depending on wages paid, the participating businesses divert 1.5% or 3% of the Iowa state withholding taxes generated by the new positions to the community college to retire the bonds. Businesses may also be eligible to receive reimbursement for their on-the-job training expenses, and/or corporate tax credits. This dataset lists 260E contracts open in or after 2012, Qtr 2, and includes information on: the administering community college, participating employer, location of employment, training expenses, and employment information. More on Iowa's 260E program.

Graph and download economic data for Job Openings: Manufacturing (JTU3000JOL) from Dec 2000 to May 2025 about job openings, vacancy, manufacturing, and USA.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

Vacancies by industry.

Vacancy rates by industry in the UK in April to June 2021 and April to June 2022. Vacancy rates in this dataset are calculated as the number of vacancies per 100 jobs. This definition is different to the vacancy rates published in the monthly Vacancies and jobs in the UK bulletin.

A dashboard used by government agencies to monitor key performance indicators (KPIs) and communicate progress made on strategic outcomes with the general public and other interested stakeholders.

As of the fourth quarter of 2024, the Hradec Kralove region had the highest vacancy rate of industrial real estate in Czechia when it amounted to 7.4 percent. It was followed by the Moravia-Silesia region at 6.6 percent.

Graph and download economic data for Employment for Manufacturing: Primary Metal Manufacturing (NAICS 331) in the United States (IPUEN331W201000000) from 1988 to 2024 about primary metals, primary, NAICS, metals, IP, manufacturing, employment, and USA.