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Property market


12-month change in total vacancy


12-month net absorption
(as % of inventory)


12-month completions
(as % of inventory)


12-month rent growth

Investment market


Investment sales
(H1 2018, billions of $US)


H1 2018 investment sales growth


Average cap rate


12-month change in cap rate

  • Demand: Scarcity of available space persistently providing upward pressure on rents.
  • Transactions: First half of 2018 tallies second strongest start in sector history, positioning for a record-setting year.
  • Markets: Investors continue to focus on building strategic footprints in primary markets.
  • Sources of capital: Privatization and strategic portfolio acquisitions accelerate investment leader list.
  • Sources of risk: Concentrated competition driving investment further on risk spectrum.

U.S. Industrial cap rate map

Strength of rent growth is driver of modest and sustained cap rate compression throughout primary markets.

Methodology: Cap rates pertain to JLL’s expected average ranges for Class A assets being priced as of Q2 2018

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View the complete H1 2018 U.S. Industrial Investment Outlook for more on these latest industrial trends.