U.S. Industrial MarketBeat Q4 2025

The U.S. industrial real estate market achieved 176.8 million square feet of annual net absorption in 2025, a 16.3% year-over-year improvement driven by strong demand from large users seeking modern automation-capable facilities, with inland markets led by Dallas/Fort Worth capturing significantly more demand than historically dominant port-proximate markets. Nationwide vacancy remained stable at 7.1% for three consecutive quarters, asking rent growth slowed to 1.5% year-over-year in Q4 (the lowest since Q1 2020), and industrial completions fell 35% to 280 million square feet—an eight-year low—as build-to-suit projects increased to 29% of deliveries while speculative supply moderated.