Figures | Creating Resilience
Polk County Industrial Figures Q2 2022
July 13, 2022
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- Total vacancy remained relatively stable for the third straight quarter, posting 5.9%, as the market continues to sit on a handful of lingering vacancies. Activity in the market promises more movement in that category in the next 90 days.
- The construction pipeline swelled to over 3.3 million square feet with multiple groundbreakings this quarter. This translates to the greatest level of construction activity seen since Q3 2020.
- Average asking rent growth has been minimal amidst those remaining cross-dock vacancies. Opportunity for additional rent growth stems from spurred tenant in market activity within that larger size segment and the introduction of additional rear-load product.