Doug Whitten

The Oakland Industrial market closed Q3 2026 with an overall vacancy rate of 7.2%.

The Napa/Solano Industrial market closed Q3 2026 with an overall vacancy rate of 10.7%.

The Walnut Creek/I-680 Corridor Industrial market closed Q3 2026 with an overall vacancy rate of 8.2%.

Orange County industrial market sees net absorption turn positive, leasing hit 4.1 million sq. ft., and asking rents edge up to $1.51, signaling stabilization.

Ventura industrial market sees vacancy rise and construction hit a five-year high, driven by softer leasing and Oxnard development.

Los Angeles industrial market sees vacancy fall to 5.0%, net absorption stay positive, and leasing rise 6.5% year-over-year, driven by big-box demand.

Inland Empire industrial market sees positive absorption, vacancy tighten to 7.2%, and construction rise to 8.3 million sq. ft., despite slower leasing.

Atlanta industrial hits record leasing volume and strong absorption, as Class A demand tightens vacancy and fuels rent growth across key corridors.

Savannah’s industrial market shows improved vacancy and steady rent growth, driven by strong leasing demand and a disciplined construction pipeline.

Vacancy rate continues its five-quarter decline, dropping 50 basis points (bps) quarter over quarter.

Industrial vacancy rises as Kellogg's vacates their manufacturing facility

Norfolk industrial market conditions show early stabilization in Q3 2026, with vacancy rates declining and positive net absorption.

Richmond industrial market conditions tightened in Q3 2026 as leasing volume surged, net absorption turned positive, and asking rents trended upward.

Suburban Maryland industrial market records stable fundamentals, positive net absorption, and increased leasing activity with vacancy unchanged at 7.0%.

Baltimore’s industrial market shows strong fundamentals in Q3 2026, with positive net absorption, declining vacancy rates, and rising average asking rents.

The South Central Valley Industrial market closed Q2 2026 with an overall vacancy rate of 10.3%, 1.9 million sq. ft. of net absorption.

The Walnut Creek/I-680 Corridor Industrial market closed Q2 2026 with an overall vacancy rate of 7.4%.

Absorption gains offset in 2025 as 2026 construction surge looms.

The Tri-Valley Industrial market closed Q4 2025 with an overall vacancy rate of 7.7%.

Los Angeles County’s Transportation and warehousing employment ended Q3 2025 with 207,000 employees, unchanged year-over-year and up 6.1% over five years.

Strong quarter pushes Calgary towards an under-supplied market

Industrial and logistics (I&L) investment reached €498 million in Q3 2026, 63% of total Finnish commercial real estate volume.

Controlled supply shifts the focus to occupier demand for industrial space

Large-scale leasing leads to tightening vacancy

German real estate investment market stabilizing at a low level

German real estate investment market stabilizing at a low level

Proposed zoning and tax reforms support long-term industrial investment and growth

Large-bay availabilities mask underlying healthy fundamentals

Take-up stabilises but remains subdued

Demand remains resilient as availability holds steady

Three quarters of positive absorption, overshadowed by narrow demand and trade uncertainty

Leasing volume amounted to 672,000 sq. ft., a drop of 59% q-o-q.
Warehouse vacancy fell 0.2-ppt to 11.3%, partly driven by the rental decline of 0.7% q-o-q.

Investment volume increased 83% q-o-q to HK$18.5 billion, bringing the y-t-d total to HK$43.6 billion.
Investors retained strong interest in student housing.

Occupier demand remains resilient, with national gross take-up reaching approximately 723,000 sqm in Q3 2026.

Industrial fundamentals remain stable as limited supply curbs lease transactions

UK commercial real estate capital values declined 0.9% in Q3 2026. Explore the latest trends in rental values and performance across key sectors.

Robust absorption fuels market tightening as development pipeline matures

CBRE's UK Logistics Leasing Figures analyses leasing activity, net absorption, vacancy rates, availability and the development pipeline across the UK market.

Demand rebounds, driving largest decline in national availability rate in five years

Stable take-up levels year-on-year

Absorption of newly available space as a key driver

European logistics leasing rebounded sharply in Q2 2026, with take-up reaching its highest level in 14 quarters, 30% above the same period last year.

The Danish Industrial & Logistics sector experienced a sharp slowdown in transaction activity during the first half of 2026.

Office leasing held steady, while availability and investment volumes declined QoQ. Retail also witnessed a decline in YoY investment volumes.

The >26’ clear height category drives net absorption into negative territory

Robust leasing activity boosts take-up in Munich's industrial and logistics real estate market

Investment normalises after robust first quarter while leasing retains strong momentum

European industrial and logistics (I&L) capital markets volumes rose 7% in H1 2026. CE drove growth, with France, Sweden, and Finland recording gains.

The industrial and logistics real estate market in Central Germany is experiencing subdued demand due to Germany's economic slowdown

Take-up in Berlin's industrial and logistics real estate market was nearly 25% lower than in the same period last year

A shortage of available space continued to shape the Hamburg industrial and logistics real estate market in the first half of 2026

Frankfurt industrial and logistics real estate market shows solid activity in the first half-year despite space shortage

Investment volume rises 17% y-o-y;
expected NOI yields for offices and hotels set new record lows

Investment in European real estate totalled €59.1bn in Q2, representing a 10% increase year-on-year.

In H1 2026, UK logistics take-up totalled 10.9m sq ft, down 16% compared to H1 2025.

UK real estate investment reached £10.2bn in Q2 2026, with Offices, Living and Hotels all posting YoY increases in rolling annual investment.

Greater Tokyo vacancy rate falls to 7.8%; rents up 1.5% q-o-q
with Tokyo Bay area up 5.3% and Gaikando area up 2.6%

Availability declines as leasing activity gains momentum

The German industrial and logistics market recorded a positive first half of the year, characterized by higher take-up and rising prime rents

Moncton sees new supply delivered for the third consecutive quarter

Contact us to request access to our latest reports on the Italian commercial real estate market.

A volatile pipeline leads to higher space absorption on the Vienna logistics market.

Leasing activity strengthened during Q2, lifting annual take-up well above the long-term average.

Gross take-up reached 1.8 million sqm during H1 2026, representing just over half of the total leasing activity recorded across calendar year 2025.

Leasing activity strengthened in Q2, with around 177,000 sqm transacted, reinforcing resilient occupier demand for high-quality industrial assets.

Leasing activity moderated from a strong start to the year with gross take-up in Q2 2026 totalling c.254,000 sqm.

Gross take-up reached c.187,000 sqm in Q2 2026, lifting rolling 12-month leasing activity to c.409,000 sqm.

Gross take-up moderated to around 130,000 sqm in Q2 2026, with occupier demand remaining broad-based across wholesale.

Singapore’s real estate market remained on firm footing in Q2 2026, as resilient demand and constrained supply underpinned performance across key asset classes.

National availability declines for first time since Q3 2022 as market goes back to basics

Investment volume edges up to record high for a first quarter;
large-scale acquisitions by overseas investors continue

Greater Tokyo vacancy rate decreases to 9.2%;
Rents rise in all areas, including the Ken-O-do Area

Recent oil price volatility has emerged as a key risk in the Asia Pacific industrial & logistics market, with higher transport costs and supply chain disruption

Gross take-up over the quarter has decreased significantly compared to 4Q25, totalling c. 91,000 sqm over 1Q26.

Gross take-up in 1Q26 totalled c.360,000 sqm, marking a strong quarter on quarter increase.

Gross take-up increased marginally compared to 4Q25, with around 112,000 sqm (transactions >4,000 sqm) of floorspace leased.

Gross take-up moderated in 1Q26 to c.680,000 sqm.

Gross take-up of c.13,000 sqm was recorded in 1Q26. The 12-month rolling total stands at c.276,000 sqm, above the 10-year annual average of c.174,000 sqm.