• While demand did not keep pace with new supply delivered in Q4 2017, full-year demand did exceed total new deliveries in 2017. The industrial market’s availability rate remained steady for the sixth consecutive quarter at 7.4%—the lowest level since Q1 2001. 
  • New supply totaling 51.7 million sq. ft. was delivered in Q4, on par with the previous quarter. The 2017 total of 195.3 million sq. ft. was up 2.0% over 2016 and was the largest delivery total of this cycle. 
  • Though supply and demand are in balance, net asking rents still grew slightly (0.6%) in Q4 to $6.92 per sq. ft. Rent growth for the year was strong at 5.3%. Asking rents reached an all-time high in Q3 2016 and have set a new record in each subsequent quarter.