Industrial and logistics real estate vacancy rate in the U.S. 2024, by market

Published by Statista Research Department, Apr 30, 2024

Among the 30 markets with the largest inventory of industrial and logistics real estate, Orange County, CA had the lowest vacancy rate of one percent in the first quarter of 2024. Chicago, IL, the largest market by total inventory, ranked 13th, with 4.6 percent of industrial and logistics real estate vacant. Phoenix, AZ, was the market with the highest rate at almost 11 percent. Overall, the share of vacant industrial and logistics properties has increased since 2022.

Vacancy rate of industrial and logistics real estate in the United States in 1st quarter 2024, by market

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Release date

April 2024

Region

United States

Survey time period

Q1 2024

Supplementary notes

The source defines the vacancy rate as the share of unoccupied space, including new, relet, and sublet, as a percentage share of the total inventory.

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