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Vacancy rate of industrial and logistics real estate in the United States in 2nd quarter 2025, by market

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Source

Release date

July 2025

Region

United States

Survey time period

Q2 2025; provisional figures

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.

Citation formats

Industrial and logistics real estate vacancy rate in the U.S. 2025, by market

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 17, 2026

Among the 30 markets with the largest inventory of industrial and logistics real estate, St. Louis, MO, had the lowest vacancy rate of *** percent in the second quarter of 2025. Chicago, IL, the largest market by total inventory, ranked eighth, with *** percent of industrial and logistics real estate vacant. Phoenix, AZ, was the market with the highest rate at **** percent. Overall, the share of vacant industrial and logistics properties has increased since 2022.

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