Figures

Louisville Industrial Figures Q2 2026

Pace of Construction Slows While Positive Net Absorption and Asking Rates Rise

July 9, 2026 5 Minute Read

Park Loop at I-65

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The Louisville industrial market recorded nearly 740,000 sq. ft. of positive net absorption in the second quarter, though vacancy rose 110 basis points (bps) to 5.6% and the marketwide availability rate increased 80 bps to 7.7%. 2.4 million sq. ft. of newly delivered speculative construction across six buildings was the primary driver of the vacancy rate increase. The marketwide average asking lease rate increased $0.06 per sq. ft. to $6.71 per sq. ft. This rate is 7.2% higher than one year ago, and 20% higher than three years ago. New lease activity totaled 1.2 million sq. ft. which contributed to the positive net absorption for the quarter.