US industrial leasing surge — 384M SF bulk occupancy jump in 2025
Key Questions
What is Colliers' forecast for US industrial bulk occupancy in 2025?
Colliers predicts a 25% increase to 384 million square feet in bulk occupancy for 2025. Manufacturing leasing is expected to surge 49% year-over-year, led by the Midwest region.
Which region is leading the US industrial leasing surge?
The Midwest is leading the surge in industrial leasing activity. This is supported by strong manufacturing growth and deals like Hillwood's lease to Yusen in Indiana at $75/SF.
What recent leasing activity has JLL reported?
JLL fully leased a 73,000 SF property in Morris, NJ to Faropoint. Additional developments include shallow bay projects on I-80 in NJ and in Phoenix.
What was the Mid-Atlantic industrial transaction in Baltimore, MD?
A 30,000 SF warehouse at 6101 E. Lombard Street in Baltimore, MD sold for $5.7 million to Mid Atlantic Port Services. MacKenzie Commercial Real Estate Services brokered the deal.
What is the status of Dalfen's property on Rt.46 in New Jersey?
Dalfen has a 470,000 SF industrial property on Rt.46 in NJ leased to ICE. The lease is currently involved in a lawsuit.
What are some benchmark rental rates for industrial space?
LIC Queens reports a benchmark rate of $359/SF. In contrast, Hillwood's Indiana property leased to Yusen at $75/SF.
How are tariffs impacting US industrial leasing?
Tariffs are pressuring importers, which could dampen leasing demand in import-heavy markets. This adds uncertainty amid the overall surge in occupancy.
What are examples of recent large industrial leases and sales?
A logistics giant signed a 233,000 SF lease in New Jersey. Other deals include Matthews' $15.8M sale of a 162,934 SF facility in Columbia, TN, and Toyo Tire's new warehouse in Shippensburg, PA.
Colliers +25% to 384M SF bulk 2025, mfg +49% YoY, Midwest lead; updates: JLL 73kSF Morris NJ fully leased to Faropoint + shallow bay I-80 NJ + Phoenix; Mid Atlantic $5.7M/30kSF Baltimore MD; Dalfen 470kSF Rt.46 NJ ICE (lawsuit); LIC Queens $359/SF benchmark; Hillwood IN Yusen $75/SF; tariffs pressure importers.