Industrial Market Reports 2026: Free Vacancy & Rent Data for 33 US & Canadian Metros

WareCRE’s warehouse market report library gives free vacancy rates, asking rents, construction pipeline data and submarket analysis for 33 industrial markets in the US and Canada. Every report and the comparison table below use Q3 2026 data from Cushman & Wakefield unless the report notes another source.

Each report also covers co-warehousing and small-bay flex space, typically under 50,000 SF, where most small businesses, e-commerce operators and trades lease. Vacancy, pricing and availability in that segment can differ sharply from metro-wide averages.

Brokers, investors, tenants and operators can start with a metro report below, then use the comparison table to benchmark it against alternative markets.

2026 Warehouse Market Reports by Metro

Each report covers current vacancy, asking rent trends, the construction pipeline, submarkets, co-warehousing demand and an outlook for the quarters ahead.

Southeast: 8 Markets

Population growth, port access, and low operating costs continue to pull distribution and manufacturing investment into the Southeast. Miami is the region’s tightest metro at 5.6% vacancy, and Fort Lauderdale (Broward County) its most expensive at $17.32/SF. Raleigh has the highest vacancy, 9.5%, and Atlanta the lowest rent, $7.71/SF.

• Atlanta: 8.6% vacancy, $7.71/SF NNN. Leasing hit its strongest quarter since 2022, and year-to-date absorption already tops all of 2025.
• Charlotte: 7.8% vacancy, $8.60/SF NNN. Vacancy ticked up for the first time in six quarters as speculative space delivered, but absorption stayed positive.
• Raleigh: 9.5% vacancy, $11.33/SF NNN. Research Triangle life sciences and advanced manufacturing hub, with rents up 10.3% on the year.
• Tampa: 8.2% vacancy, $11.30/SF NNN. Rents hit a record as new buildings delivered, but absorption turned negative.
• Orlando: 8.7% vacancy, $9.81/SF NNN. Big-box leasing returned, but new supply keeps arriving with little preleasing.
• Miami: 5.6% vacancy, $15.16/SF NNN. The lowest vacancy in Florida, though rents are down 8.5% on the year.
• Fort Lauderdale (Broward): 5.7% vacancy, $17.32/SF NNN. Vacancy is the highest since 2020 as recent deliveries lease slowly, but rents are up 6.9% on the year.
• Palm Beach County: 9.0% vacancy, $14.45/SF NNN. One large delivery lifted vacancy, while rents reached a three-year high.

Texas: 3 Markets

Corporate relocations, population growth and central geography keep the Texas pipeline active. Dallas-Fort Worth led every US market on Q3 leasing at 22.7M SF, and Cushman & Wakefield ranks it first nationally for annual rent growth at 20%.

• Dallas-Fort Worth: 7.3% vacancy, $9.76/SF NNN. The national leasing leader at 22.7M SF in Q3, ahead of Chicago (18.0M SF) and Houston (14.6M SF).
• Houston: 6.3% vacancy, $8.16/SF NNN. A record rent and the strongest quarterly absorption since Q2 2022 at this major port market.
• Austin: 21.8% vacancy, $11.96/SF NNN on Cushman & Wakefield’s warehouse and flex basis, which excludes manufacturing. Other brokers, on broader inventories, report lower vacancy. Either way, tenants hold more leverage here than in any other metro we track.

Mountain West: 3 Markets

Lower costs and favorable business climates drove rapid expansion, and several Mountain West metros are still digesting speculative supply from the 2022–2024 cycle. Phoenix carries the highest vacancy in the region at 10.3%, though it fell 300 bps over the year, while Denver (7.5%) and Salt Lake City (7.6%) are close together.

• Denver: 7.5% vacancy, $10.23/SF NNN. Rent tracks close to the national average of $10.40.
• Phoenix: 10.3% vacancy, $13.51/SF NNN. Vacancy is falling fast on steady absorption, but the pipeline is at a two-year high.
• Salt Lake City: 7.6% vacancy, $10.24/SF NNN. Inland port development and a lower-cost alternative to West Coast distribution.

West Coast: 6 Markets

Several of the highest rents in the table are here. Orange County, at $17.63/SF, and San Diego, at $17.36/SF, trail only New York City and Northern Virginia. Vacancy ranges from 4.3% in Los Angeles, the region’s tightest market, to 10.2% in Seattle.

• Los Angeles: 4.3% vacancy, $15.92/SF NNN. One of the largest US industrial markets; vacancy rose for the first time since Q4 2024.
• Orange County: 6.0% vacancy, $17.63/SF NNN. Infill market still below the national vacancy rate, though move-outs have outpaced move-ins for three quarters.
• San Diego: 7.6% vacancy, $17.36/SF NNN. Defense, biotech, and cross-border logistics; a vacant Otay Mesa delivery lifted vacancy.
• SF Bay Area: 8.4% vacancy, $15.12/SF NNN (Oakland/East Bay submarket). Tech-economy demand in Fremont and Newark against softer traditional warehouse users.
• Portland: 6.7% vacancy, $10.73/SF NNN. Pacific Northwest distribution and semiconductor corridor, where absorption turned positive.
• Seattle: 10.2% vacancy, $12.52/SF NNN. E-commerce logistics and aerospace manufacturing; see the rent footnote below.

Midwest: 5 Markets

Inland markets account for 80% of year-to-date U.S. absorption in Cushman & Wakefield’s data, and the Midwest has the lowest regional vacancy at 4.4%. Central locations, low rents and transportation infrastructure help. Chicago ranks second nationally on Q3 leasing at 18.0M SF, and Omaha’s 3.5% vacancy is the lowest of any metro we track.

• Chicago: 4.7% vacancy, $7.53/SF NNN. The nation’s freight crossroads and second-largest leasing market in Q3.
• Indianapolis: 5.2% vacancy, $6.60/SF NNN. Crossroads of America; the lowest rent of any metro we track.
• Minneapolis: 4.9% vacancy, $8.81/SF NNN. Upper Midwest logistics and manufacturing base.
• Des Moines: 7.4% vacancy, $6.70/SF (CBRE). I-80/I-35 crossroads at well below the national average rent.
• Omaha: 3.5% vacancy, $8.00/SF NNN. The tightest industrial market of the 33 we cover, with data centers driving absorption.

Northeast & Mid-Atlantic: 5 Markets

Dense population and scarce land keep rents high. Northeast vacancy fell 20 basis points in Q3 to 7.5%, and New York City’s $27.31/SF is the highest rent in the table.

• New York City: 6.8% vacancy, $27.31/SF NNN (Outer Boroughs). The highest asking rent we track, and vacancy fell after four straight quarterly increases.
• Philadelphia: 10.0% vacancy, $12.82/SF NNN. Vacancy is falling, with occupancy up for a fourth straight quarter.
• Washington DC (DMV): 5.0% vacancy, $18.73/SF NNN (Northern Virginia submarket). Absorption turned positive and rents jumped 7.5% in a single quarter.
• Boston: 11.8% vacancy, $15.85/SF NNN. Vacancy fell for the first time since late 2022 as year-to-date leasing rose 72.8%.
• New Jersey: 8.1% vacancy, $16.12/SF NNN (Northern and Central NJ). Absorption of 4.8M SF in Q3 was the strongest quarter of 2026.

Canada: 3 Markets

Tighter land constraints and the July 2026 CUSMA joint review add variables specific to Canada. At that review the US declined to confirm a 16-year extension, and the agreement moved to annual reviews. Figures below are from Cushman & Wakefield Canada’s Q3 2026 Industrial MarketBeat, in Canadian dollars on a net basis. Vancouver’s 4.4% is the lowest among Canada’s major markets, Calgary held at 4.6% on record leasing, and Toronto’s is 5.0%.

• Toronto (GTA): 5.0% vacancy, C$15.90/SF net. Canada’s largest industrial market, where rents are at a four-year low.
• Calgary: 4.6% vacancy, C$11.57/SF net. Energy services firms lead flexible-space demand, and leasing hit a record.
• Vancouver: 4.4% vacancy, C$18.58/SF net. Leasing is on pace for a record year, while the construction pipeline is down about 69% from its 2023 peak.

Warehouse Vacancy Rates & Rental Rates: 33-Metro Comparison

The table below gives vacancy and average asking rent for every metro WareCRE covers, grouped by region. Each metro links to its full report with submarket data, the construction pipeline and an outlook. We refresh the table as new market data is released.

Notes on this table. Toronto, Calgary and Vancouver use Cushman & Wakefield Canada’s Q3 2026 figures in C$/SF/yr net; Calgary’s rent is the direct net asking rate. Fort Lauderdale is Broward County and Palm Beach is Palm Beach County, each tracked separately from Miami-Dade. New Jersey combines Cushman & Wakefield’s Northern and Central New Jersey markets, with the statewide figures from its New Jersey MarketBeat. Austin’s 21.8% is Cushman & Wakefield’s warehouse and flex basis (about 103.9M SF, excluding manufacturing), and that series has been above 20% for more than a year. Des Moines uses CBRE’s Q3 2026 figures because Cushman & Wakefield’s Q3 national table repeats its Q2 Des Moines values with no Q3 absorption. Tampa and SF Bay Area (East Bay) use Cushman & Wakefield’s local Q3 MarketBeats, which differ from its national table; the East Bay rent is Cushman & Wakefield’s monthly $1.26/SF multiplied by 12. Three rows use a submarket as the proxy because Cushman & Wakefield publishes no consolidated row for the metro: SF Bay Area is Oakland/East Bay, New York City is the Outer Boroughs, and Washington DC (DMV) is Northern Virginia. Seattle’s rent here is the Cushman & Wakefield figure, which keeps the table comparable. Our Seattle report follows the Kidder Mathews rent series, $1.06/SF per month this quarter. Salt Lake City’s local report quotes rent monthly, $0.85/SF or about $10.20 a year; the table uses the national $10.24.

Source: Cushman & Wakefield U.S. Industrial MarketBeat Q3 2026 (overall vacancy and overall weighted average asking rent, $/SF/yr NNN), Cushman & Wakefield local Q3 2026 MarketBeats where noted, Cushman & Wakefield Canada Industrial MarketBeat Q3 2026 (C$/SF/yr net) and CBRE Des Moines Industrial Figures Q3 2026. Cushman & Wakefield marks its Q3 figures preliminary and subject to revision. Our industrial rent per square foot guide lists Q3 2026 asking rents for 83 U.S. markets.

3 Forces Reshaping Warehouse Demand in 2026

Large-Format Space Is Tightening Fastest

National industrial vacancy held at 6.8%, but the size split tells more than the headline. Cushman & Wakefield reports that vacancy in buildings of 500,000 SF or more fell 280 basis points over the year to 7.4%, and mid-sized buildings of 300,000 to 500,000 SF are stabilizing, with vacancy down 50 basis points. Transactions above 500,000 SF made up more than one-third of year-to-date leasing. Newer buildings are leasing first, and demand is starting to spill into warehouses built from 2000 through 2019 as modern space tightens. For what the size split means for tenants and operators, see Small-Bay vs. Big-Box: What the Vacancy Gap Means in 2026.

Port Markets Are Recovering Under Tariffs

Trade policy is still shifting where companies put warehousing and manufacturing, but port demand has picked up. Cushman & Wakefield says year-to-date absorption in port markets has already passed the full-year 2025 total, led by third-quarter surges in Houston, New Jersey, the Inland Empire, Savannah and Miami. Inland markets still account for 80% of year-to-date absorption. For the macro view, see How Tariffs Are Reshaping Warehouse Demand in 2026.

Inland Hubs Lead on Leasing and Stay Tight

New leasing is running 21% above last year’s pace, which Cushman & Wakefield attributes to AI buildouts, resilient consumer spending, and nearshoring and onshoring. Dallas-Fort Worth led the country with 22.7M SF of Q3 leasing, ahead of Chicago at 18.0M SF and Houston at 14.6M SF. Tight inland markets like Omaha (3.5% vacancy), Chicago (4.7%) and Minneapolis (4.9%) show how little slack is left in centrally located product. For broader trends, see Industrial Real Estate Trends & Outlook 2026.

National Industrial Market Outlook: What to Watch in Early 2027

Q3 2026 points to demand pulling ahead of supply. Vacancy held at 6.8%, 20 basis points below its late-2025 peak, and net absorption of 76.6M SF outran about 64M SF of completions. Average asking rent reached $10.40/SF NNN, up 4% year over year, the third straight quarter of faster growth. The pipeline is the number to watch. The 324M SF under construction is up 23% year over year and at its highest since mid-2024. All four US regions posted lower vacancy in Q3. Cushman & Wakefield marks these Q3 figures preliminary and subject to revision.

Cushman & Wakefield’s outlook is constructive. It expects vacancy to decline modestly into 2027 as demand outpaces new supply, led by high-growth inland markets, with some port markets stabilizing on fewer deliveries and stronger demand. It also expects development to stay disciplined and build-to-suit activity to remain strong for large logistics facilities. For occupiers, modern large-format space is where availability is tightening fastest. For owner strategy and small-bay trends, read our Industrial Real Estate Trends & Outlook 2026.

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