Industrial Construction Trends

July 23, 2026

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INDUSTRIAL CONSTRUCTION

New industrial construction totaled approximately 1.4 million square feet in 2025, marking the lowest annual delivery since 2021. This slowdown signals a more supply-side balance as recently delivered projects worked through lease-up and developers responded to moderating absorption levels.

CONSTRUCTION surpassed 1 MILLION SF, but ended 2025 at its LOWEST LEVEL since 2021.

CALDWELL saw the MOST DELIVERIES in 2025 with NEARLY 366,000 SF of new industrial space.