Figures

Polk Industrial Figures - Q2 2025

July 10, 2025 5 Minute Read

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  • Total vacancy decreased 90 bps to 9.6%, back into the single digits thanks to one of the strongest quarters for net absorption since the pandemic
  • The construction pipeline remained largely stable, with only one new project breaking ground and a single delivery this quarter
  • Average asking rents are up 5.1% year over year with future growth likely tied to the ratio of bulk versus smaller bay product that will be available