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Northern California Industrial Report Q1 2026

May 15, 2026 15 Minute Read

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At the close of Q1 2026, total industrial inventory stood at 719.5 million sq. ft. with another 6.94 million sq. ft. under construction. Net absorption totaled positive 473,913 sq. ft. in 1Q1 2026, bringing the overall vacancy rate to 7.1%. Current tenant requirements stood at 46.3 million sq. ft. of active users touring or negotiating space needs in the region.