Matrix Industrial Report-May 2022 May 25, 2022

Industrial Demand Stable Amid Economic Headwinds

The economy hit a rough patch in the first quarter due to inflationary pressures and rising energy prices, but demand for industrial space continues to be robust. The national occupancy rate is low and rents are rising rapidly, particularly in coastal markets with major ports. Delivery of new space continues apace despite difficulties brought on by rising construction costs and supply shortages.