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Industrial property clock

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 Q3 2017
Average Rent (USD/sqf/NNN)
Average Rental Change (% Q-o-Q)
Vacancy Rate (%)

Reading the clock

The JLL industrial property clock illustrates where each market sits within its real estate cycle. Markets generally move clockwise around the dial, with those markets on the left side generally facing more landlord-favorable environments, whereas those on the right experience generally tenant-favorable conditions. For the third quarter of 2017, the U.S. aggregate stayed stable at the 10:15 mark, in the peaking market quadrant.

Overall industrial leasing was healthy this quarter, and 88 percent of the markets tracked expect 2017 to continue to be favorable to the landlords across the country. Through the end of 2017, expect markets to continue their progressive clockwise moves, while the overall U.S. position gradually climbs.