CBRE reports the US industrial and logistics vacancy rate fell 20 basis points quarter-over-quarter to 6.5% in Q2 2026, its first decline since Q2 2022. Net absorption of 85.1 million sq ft outpaced new completions for the first time in two years, and leasing rose 11% year-over-year to 268.7 million sq ft.
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US industrial vacancy dips to 6.5% in Q2 2026, first drop since 2022
Why this matters for founders
Founders needing warehouse, fulfillment, or light-manufacturing space should lock in terms soon: the tightening market means landlords in the hottest metros are starting to regain pricing power, so today's concessions may not last.
Source: CBRE Q2 2026 U.S. Industrial & Logistics Market Report
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