In 2023, the average vacancy rate for industrial and logistics real estate in the United States started to rise, marking the first increase since early 2020. As of the first quarter of 2025, 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, Phoenix and Houston topped the ranking with the most industrial and logistics real estate absorbed in 2024. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

Vacancy rates across the key logistics hubs in Europe remained low in the first quarter of 2025, with Munich recording vacancy rates for warehouses and distribution centers as low as *** 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.

Vacancy rate of Industrial Buildings

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.

Mexico City was the industrial and logistics real estate market with the lowest vacancy rate in the Latin American region in 2024. In the second half of the year, about *** percent of Mexico City's inventory was vacant. Rio de Janeiro and Sao Paulo, Brazil, which were also the most most inexpensive among the ranked markets, were at the other end of the scale, with vacancy rates of ** and **** percent, respectively.

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.

Download detailed ONS metadata for this dataset.

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 dip in 2021. In the first quarter of 2025, about *** percent of warehouses over 50,000 square feet were vacant, up from *** 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.

🇬🇧 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)

Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q2 2025 about vacancy, rent, rate, and USA.

Denmark - Job vacancy rate: Manufacturing was 2.00% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Job vacancy rate: Manufacturing - last updated from the EUROSTAT on November of 2025. Historically, Denmark - Job vacancy rate: Manufacturing reached a record high of 3.40% in March of 2022 and a record low of 1.20% in June of 2020.

Less than ** percent of São Paulo's industrial and logistics real estate stock was vacant in the first quarter of 2025, but this share varied widely across different submarkets. Cajamar, the market with the most inventory not only in São Paulo, but also in the entire country, had a vacancy rate of about ***** percent, while in Atibaia, the vacancy rate was one of the lowest with *** percent. Some of the smaller submarkets in São Paulo, Ribeirão Preto, had even lower vacancy rates.

Less than **** percent of Brazil's industrial and logistics real estate stock was vacant in the first quarter of 2025, but this share varied widely across different markets. São Paulo, the country's market with the most warehousing inventory, had a vacancy rate of about **** percent, while in Paraná, less than *** percent of the space was vacant.

European Union - Job vacancy rate: Manufacturing was 1.30% in March of 2020, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Job vacancy rate: Manufacturing - last updated from the EUROSTAT on December of 2025. Historically, European Union - Job vacancy rate: Manufacturing reached a record high of 1.60% in December of 2019 and a record low of 1.30% in March of 2020.

Germany DE: Job Vacancy Rate: Manufacturing data was reported at 2.000 % in Dec 2024. This records an increase from the previous number of 1.800 % for Sep 2024. Germany DE: Job Vacancy Rate: Manufacturing data is updated quarterly, averaging 1.600 % from Dec 2010 (Median) to Dec 2024, with 57 observations. The data reached an all-time high of 3.200 % in Dec 2022 and a record low of 0.900 % in Jun 2020. Germany DE: Job Vacancy Rate: Manufacturing data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Germany – Table DE.Eurostat: Job Vacancy Rate.

Italy Job Vacancy Rate: Manufacturing data was reported at 0.900 % in Jun 2018. This records a decrease from the previous number of 1.000 % for Mar 2018. Italy Job Vacancy Rate: Manufacturing data is updated quarterly, averaging 0.700 % from Mar 2004 (Median) to Jun 2018, with 58 observations. The data reached an all-time high of 1.100 % in Mar 2007 and a record low of 0.300 % in Dec 2009. Italy Job Vacancy Rate: Manufacturing data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Italy – Table IT.G044: Labour Force Survey: Job Vacancy Rate.

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 20.7% in Q2 2025, up from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are climbing, 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 strengthened demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also moderating, with the boom in e-commerce and industrial construction activity in 2021 and 2022 moderating more recently. Industry revenue has gained at a CAGR of 1.7% to reach $1.5 trillion through the end of 2025, including a 1.0% climb in 2025 alone. The industry is grappling with multiple challenges, including wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. Despite interest rate cuts in 2024 and 2025, economic uncertainty and labor market weakness have resulted in tighter credit and lending conditions. Because of remote working trends, office delinquency rates swelled to above 14.0% in 2025, 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 will likely improve, and rents may gradually climb. The data center segment will 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 $1.7 trillion in 2030.

Montenegro's vacancy rate in the industrial and logistics market reached **** percent, being the highest rate among Central and Eastern European countries in 2024. Croatia's vacancy rate amounted to *** percent.

Euro Area - Job vacancy rate: Manufacturing was 1.00% in September of 2020, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Job vacancy rate: Manufacturing - last updated from the EUROSTAT on December of 2025. Historically, Euro Area - Job vacancy rate: Manufacturing reached a record high of 1.40% in December of 2019 and a record low of 0.90% in June of 2020.

Croatia - Job vacancy rate: Manufacturing was 1.30% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - Job vacancy rate: Manufacturing - last updated from the EUROSTAT on December of 2025. Historically, Croatia - Job vacancy rate: Manufacturing reached a record high of 1.90% in March of 2022 and a record low of 0.70% in December of 2020.