Dayton Industrial Figures Q4 2022

Market Overview

- The construction pipeline in the Dayton industrial market swelled to nearly 4.4 million sq. ft. despite over 584K sq. ft. of completions in the final quarter of 2022.

- The Dayton industrial market experienced a stall in new construction to end the year, however a strong pipeline of transactions is on the horizon as projects begin to deliver much needed vacancy.

- Vacancy decreased 50 bps year-over-year with a 3.7% overall vacancy rate in 2022. Availability increased 50 bps year-over-year with a 6.2% overall availability rate in 2022.

- The average lease rate measured at $5.21 per sq. ft. for the entire calendar year. This represents a $0.42 per sq. ft. increase from 2021.

- Tenants such as TJX, Legrand, Amazon, Spectra, Mattress Firm, Sunstar Engineering, and Komyo should kick off the new year with a hot start.