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Market Report

2025 U.S. Industrial Investment Outlook Midyear

2025 Outlook

Elevated Topline Vacancy Distracts From Key
Areas of Strength Amid Easing New Supply Pressure

The industrial commercial real estate market has become increasingly nuanced, with an elevated headline vacancy rate belying several components of strength. The industrial investment climate in each metro has its own unique reality, and to help real estate investors navigate this complexity, Marcus & Millichap presents the Midyear 2025 Industrial National Investment Outlook.

Key Features Include:

  • Discussion of how evolving trade policies may impact the industrial sector
  • Supply and demand forecasts for 36 major markets
  • Breakdown of sector trends by vintage, size and other property characteristics
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