Source: Marcus & Millichap 2026 Industrial Outlook December 2025 adds a Marcus source-family ranking gate for product-size and supply-wave concentration. The visible teaser identifies Austin, Phoenix, Charleston, Las Vegas, and San Antonio as markets with outsize recent inventory growth, while separating large-building vacancy from smaller-format industrial vacancy. Use that as a caution layer for market ranking: high-growth metros can still rank well only when tenant demand, preleasing, absorption, and submarket evidence offset the large-format supply overhang.

Source: CoStar Expects U.S. Industrial Vacancy to Peak in Early 2027 keeps the national readiness threshold conservative. If CoStar's supply-digestion forecast is right, the ranking should continue to reward local proof of vacancy stabilization, preleasing, absorption depth, and product-specific scarcity instead of treating every industrial market as if the national vacancy peak has already passed.

Source: Cushman & Wakefield Greensboro/Winston-Salem Industrial MarketBeat Q1 2026 adds Triad evidence to the Tier 2 / select-spec watchlist. The source is constructive because C&W reports 5.9% vacancy, positive absorption, nearly 2.0M SF of leasing, and a heavily preleased / BTS pipeline share, but it stays below full-confidence national-rank promotion because the broker-market geography spans multiple Triad and adjacent submarkets with very different vacancy, pipeline, and demand profiles.

Source: CBRE Greensboro/Winston-Salem Industrial Figures Q2 2026 adds a current table-backed cross-check: 7.1% vacancy, 9.3% availability, +343,000 SF of Q2 absorption, 3.93M SF under construction, and $6.63/SF/year asking rent. The source improves confidence in current demand, but its 20,000-SF five-county universe, Q4 2025 methodology break, 10.9% Class A vacancy, and 25.0% West Forsyth vacancy keep the Triad in the corridor-specific / Tier 2 watchlist rather than a generic metro rank.

How close is the current industrial evidence stack to full-confidence market rankings across the ranked sub-leagues in National Industrial Capital Allocation 2026?

The national industrial parent page already contains ranked child boards for high-barrier infill / core scarcity, Tier 2 BTS / select-spec markets, major distribution hubs, and specialist nearshoring / manufacturing corridors. This page does not rerank those boards. It records whether the supporting evidence is strong enough to treat each ranked lane as full-confidence, methodology-caveated, provisional, or watchlist.

Source: Marcus & Millichap Atlanta Industrial Market Report 2Q 2026 adds a later Atlanta teaser overlay to the major-distribution-hub lane without changing the confidence tier. It supports the demand and infrastructure side with population growth, Georgia freight investment, and Blue Ridge Connector rail access to the Port of Savannah, but keeps the blocker explicit: 2019-2024 inventory expanded 18%, about two-thirds of the incoming pipeline remained speculative, and South Atlanta deliveries were expected to climb 28% in 2026. The readiness implication is stronger Atlanta source coverage, not full-confidence rank export.

Source: GlobeSt Landlord-Friendly Industrial Hubs 2026 adds a qualitative medium-market cross-check for Providence, Dayton, Omaha, and Akron. It supports a secondary-market supply-discipline watchlist, but not a full-confidence ranked lane: the article is a public summary of Cresa's Industrial Index rather than the directly captured index table, and the named markets still need comparable vacancy, availability, rent, pipeline, leasing, and asset-function proof before they can be exported as normalized peers.

Source: Colliers Dayton Industrial Q1 2026 moves Dayton from qualitative watchlist support toward source-backed comparator status. Colliers reports 3.6% vacancy, 3.5% availability, +892,995 SF of Q1 absorption, 1.27M SF under construction, 10,000 SF of deliveries, and $5.52/SF NNN average direct asking rent. The ranking implication is still product-gated: Warehouse - Distribution vacancy was 11.1% even while Manufacturing and Light Industrial were much tighter.

Source: Hoff & Leigh Akron Q1 2025 Market Reports adds the first dedicated Akron industrial source row behind the same medium-market watchlist. Hoff & Leigh reports 4.1% industrial vacancy, 1.3M SF of trailing-four-quarter leasing volume, about 600,000 SF under construction, and 2.1% annual rent growth. The row keeps Akron below export-ready ranking confidence because it is older than the Q1 2026 stack, has a page-level vacancy discrepancy, and says leasing volume softened versus the pre-pandemic average.

Source: Cushman & Wakefield Providence Industrial MarketBeat Q4 2025 upgrades Providence's provenance trail from broad source-stack citation to a dedicated broker-report node. The same imported observations show 0.4% vacancy, 403,000 SF of YTD net absorption, and $7.50/SF NNN asking rent, but the ranking implication remains small-market / functional-space scarcity rather than broad logistics depth.

Source: GlobeSt Tertiary Industrial Value 2026 adds a separate qualitative tertiary-market value lens for Lafayette, Baton Rouge, New Orleans, Birmingham, and similarly local-industry-driven markets. It should remain a watchlist / underwriting-discipline input rather than a rank upgrade because the article preserves quoted Lee & Associates commentary, not a normalized source table. Any exportable tertiary-market rank still needs direct public rows for vacancy, rent, cap rates, construction, absorption, tenant industries, and exit liquidity.

Source: Colliers Columbia Industrial Market Report Q1 2026 adds the first current Columbia industrial source-scoped row to the watchlist layer. Colliers' visible page reports nearly 1.6M SF of gross absorption, Class A rents up 16.4% year over year to $7.31/SF, more than 90% of vacancy in pre-2000 buildings, and planned speculative projects in Blythewood and northern Calhoun County that still fall short of current demand. The ranking implication is a functional-modern-supply and Scout-adjacent watchlist, not a national rank upgrade: the full report was form-gated during local retrieval, the visible page does not expose a complete vacancy / leasing / pipeline table, and Columbia still needs tenant-depth and exit-liquidity proof against Greenville-Spartanburg, Charleston, Savannah, and Charlotte.

Source: CBRE Baltimore Industrial Figures Q1 2026 adds a structured Mid-Atlantic port / I-95 market row but does not upgrade Baltimore into a ranked leader. The row is useful because it preserves current public observations for negative absorption, vacancy, availability, rent, deliveries, construction pipeline, and groundbreakings. The blocker is directionality: CBRE shows rising vacancy and availability after a heavy delivery quarter, so Baltimore belongs in the watchlist / basis-discipline set until another current broker source confirms absorption recovery and submarket-level clearance.

Source: JLL Baltimore Industrial Market Dynamics Q1 2026 adds that second broker source but still does not clear Baltimore for rank export. JLL reports a smaller negative absorption print than CBRE, but higher vacancy / availability, low preleasing, and rising concessions. The useful upgrade is evidence quality and corridor detail: BW Corridor delivery concentration and scarce first-generation 300,000 SF-plus options can support node-specific diligence, not a market-wide scarcity rank.

Source: Marcus & Millichap Baltimore Industrial Market Report 2Q 2026 adds a later teaser check and keeps the same rank result. The constructive point is modest leasing improvement across large- and small-bay properties over the 12 months ended March 2026. The blockers remain stronger: negative absorption persisted in early 2026 after six of eight recent quarters, Harford County was the weakest East Coast submarket by net relinquishment, speculative deliveries were still unleased as of March, and Southern Anne Arundel / Columbia projects add local supply pressure.

Source: Marcus & Millichap Philadelphia Industrial Market Report 2Q 2026 adds Philadelphia as a Mid-Atlantic evidence-quality upgrade, but not a clean rank-export market. The teaser supports Q4 2025 demand rebound and contracting supply, while its county split blocks broad metro ranking: Burlington and Cecil counties carried much of the 2025 net demand growth, but Philadelphia, Delaware, Montgomery, and Camden counties each gave back roughly 500K SF and Philadelphia County remained a higher-vacancy submarket as of March 2026.

Source: Colliers Philadelphia Regional Industrial Report Q2 2026 improves current evidence depth without clearing the broad-ranking gate. Its 561.57M-SF tracked set shows 9.52% vacancy, +2.23M SF Q2 absorption, 5.75M SF under construction, and $11.14/SF weighted NNN rent, but the regional result hides a 37.70% Salem County vacancy, negative Lehigh Valley YTD absorption, and separate PA/NJ/DE operating regimes. Keep Philadelphia in a source-family-labeled, corridor-specific readiness lane rather than exporting a single metro rank.

Source: Marcus & Millichap Washington, D.C. Industrial Market Report 2Q 2026 adds Washington, D.C. as a Mid-Atlantic stability / divergence row, not a full rank export. The teaser strengthens the constrained-inventory and rent-stability case because it cites no year-over-year average asking-rent decline since 2021, but it does not expose a complete rent, vacancy, absorption, construction, sales, or cap-rate table. Rank readiness remains directional until table-grade broker rows confirm the submarket split between central District / Fairfax softness and outlying logistics resilience.

Source: Cushman & Wakefield Logistics & Industrial Monthly Trends 2026 adds collection-level trend support, not a normalized ranking row. Its visible monthly summaries reinforce the same product-selection gates that already shape this matrix: manufacturing demand, tariff-sensitive automotive supply chains, post-2020 building preference, large-format recovery, and construction-pipeline moderation. Because the page is a series index rather than a market table, it should not move any market into full-confidence rank status by itself.

Orange County now has a current Savills Q1 2026 source-family row set, but it does not upgrade the high-barrier infill lane to full-confidence. It adds a separate Southern California comparator: 153.6M SF of inventory, 8.9% vacancy, $1.42/SF/month NNN asking rent, +721,903 SF absorption, 434,656 SF deliveries, and 592,400 SF under construction. Because rent is down 9.0% year over year and vacancy is above Q1 2025, Orange County should be treated as a selective infill / airport-area recovery node, not folded into the Los Angeles / South Bay or Inland Empire ranks.

JLL's Orange County Q1 2026 source-family read reinforces that selective comparator treatment. JLL reports a broader 216.3M SF inventory, +31,315 SF absorption, 7.3% vacancy, 10.1% availability, $1.64/SF asking rent, 73.7% preleasing, and 532,617 SF under development. The useful signal is not a full upgrade; it is the split between Airport Area / West County positive absorption and South County weakness, plus aerospace / defense demand around Anduril.

C&W's Orange County Q1 2026 MarketBeat adds the downside cross-check: 256.0M SF of inventory, 5.1% vacancy, -1.16M SF of absorption, 2.55M SF of leasing, 959,063 SF under construction, 434,626 SF of completions, and $1.52/SF/month NNN rent. This keeps Orange County in the selective infill / airport-area comparator lane rather than a full-confidence high-barrier rank; leasing improved, but occupancy still deteriorated.

CBRE's Orange County Q1 2026 figures page confirms the mixed-source caution: 5.3% vacancy, -380,718 SF absorption, $1.55/SF/month NNN asking rent, and 845,000 SF under construction. This adds another source-family row closer to C&W than to the positive Savills absorption read, so Orange County remains a selective Southern California comparator rather than a clean top-rank upgrade.

Marcus & Millichap's Orange County 2Q 2026 teaser reinforces that ranking gate with a later product-type split. The source reports 780,000 SF of absorption from October 2025 through March 2026 and healthier warehouse / manufacturing demand, but it also reports 6.8% local vacancy as of April, 14.0% distribution-center vacancy after doubling over the year ended March, and the highest expected year-end vacancy since 2002. Ranking implication: Orange County remains a source-scoped high-barrier comparator, not a full-confidence top-rank node, until distribution-center lease-up and rent direction are proven.

Newmark's Orange County Q1 2026 landing page supports the same selective-stabilization read. Newmark reports +467,399 SF of Q1 absorption, 5.2% vacancy, $1.53/SF/month NNN asking rent, 791,000 SF under construction, 542,484 SF of deliveries, and nearly 35% preleasing on underway space, but vacancy was still 170 bps above two years earlier and rents were below the prior $1.65/SF/month NNN peak. Ranking implication: Newmark adds confidence that Orange County has tenant demand and supply moderation, but it does not erase the rent-pressure and distribution-center caveats from the other source families.

JLL's Los Angeles Q1 2026 PDF strengthens the LA caveat rather than removing it. The source adds -765,919 SF of market-total YTD absorption, 7.3% vacancy, 10.5% availability, $1.38/SF asking rent, 3.63M SF under development, 38.7% preleasing, and 276,555 SF of deliveries, while also showing 13 move-ins versus 5 move-outs above 100K SF and aerospace / defense demand in South Bay / Long Beach. Use this as a selective-recovery input for the high-barrier infill lane, not a full-confidence LA metro upgrade.

JLL's Inland Empire Q1 2026 PDF confirms the same high-barrier caveat at the port-gateway scale. The source reports -1.84M SF absorption, 8.5% vacancy, 13.8% availability, $1.04/SF asking rent, 10.1M SF under development, 46.3% preleasing, and 9.6M SF of gross absorption. The useful rank implication is that the IE remains structurally important but not currently clean: gross absorption and muted speculative construction support recovery, while IE West's -2.7M SF absorption and four 1M SF-plus vacancies keep the lane source-family and submarket-caveated.

CBRE's Inland Empire Q1 2026 figures strengthen the demand side of that caveat. CBRE's IE Core page reports 7.8% vacancy after a 70 bps increase, but also 13.6M SF of new leasing, up 40.2% quarter over quarter and 15.3% year over year, plus $1.09/SF/month NNN asking rates and $1.08/SF/month NNN taking rates. That supports a recovery-watch lane rather than a downgrade, but the page still should not export a single blended IE metric across CBRE, JLL, Kidder, C&W, Savills, and CoStar boundaries.

Colliers' Inland Empire Q1 2026 report adds another reason to keep the IE high-barrier lane caveated. Colliers reports 8.1% vacancy, 53.6M SF vacant, 12.5M SF of gross activity, sub-5M SF construction activity, 1.4M SF of starts, and monthly NNN asking rent down to $0.94/SF after a $0.64/SF drop from the Q2 2023 peak. The ranking signal is recovery-watch with tenant activity, not full-confidence scarcity: vacancy and rent direction still need to turn before Inland Empire can be exported as an already-tightened rank.

Marcus & Millichap's Riverside-San Bernardino 2Q 2026 teaser adds supply-relief evidence but preserves the same readiness caveat. It says the 2026 delivery slate should be roughly 10M SF, the smallest since 2012, and AB 98 may extend the completions pullback, while also saying vacancy is near a 15-year high and shipping-cost changes can affect port-fed demand. Ranking implication: positive for the IE supply-constraint watch, insufficient for full-confidence export without current rent, vacancy, absorption, and submarket table support.

Marcus & Millichap's Los Angeles 2Q 2026 teaser adds source-scoped support to the LA / South Bay side of the high-barrier infill lane but keeps the rank submarket-caveated. It projects LA/LB port volume above 20M TEUs in 2026 and says steady goods flow should support South Bay, Commerce-Vernon, Lower San Gabriel Valley, Mid-Cities, and San Fernando Valley fundamentals. The blocker is that the same teaser reports low-7 percent vacancy-band stress and nearly 25% vacancy across 2020s-built product as of March, so LA cannot be exported as a full-confidence scarcity rank without current submarket table support and modern-space lease-up proof.

Marcus & Millichap's San Diego 2Q 2026 teaser adds a later cross-border recovery-watch row, not a rank upgrade. The source reports 1.1M SF of net absorption over the six months ending March 2026 and stable sub-50,000-SF leasing, but it also says San Diego was grappling with mid-10 percent vacancy for the first time since 2012, the absorption was tied to an Amazon move-in of similar size near the U.S.-Mexico border, and nearly half of scheduled completion space was available as of April. Ranking implication: San Diego remains a specialized coastal / Otay Mesa / defense-adjacent watchlist node, not a full-confidence high-barrier logistics rank.

JLL's San Diego Q1 2026 Market Dynamics report confirms the same rank posture from a third source family. JLL reports +220,374 SF of absorption, 7.7% vacancy, 11.9% availability, $1.29/SF/month NNN rent, 945,579 SF under development with 0.0% preleasing, and tenant requirements up 70% year over year. Those are useful recovery-watch signals, but they coexist with rising concessions, the lowest first-quarter leasing volume in a decade, and 15.7% Otay Mesa vacancy. Ranking implication: source-family balance improves, but San Diego still belongs in specialized coastal / defense / cross-border watchlist status rather than full-confidence export.

C&W's Q2 2026 San Diego Industrial MarketBeat adds a current source-family check without changing that rank. The report shows 7.2% vacancy, +36,520 SF Q2 absorption, +41,453 SF YTD absorption, 8.8% direct availability, $1.44/SF/month NNN rent, and 1.42M SF under construction. South County remained 11.2% vacant and W/D 9.8% vacant; Q2 investment volume fell 31% year over year. The ranking implication remains specialized recovery-watch, with broker-universe differences preventing a full-confidence San Diego industrial upgrade.

CBRE's Miami Q1 2026 figure page strengthens the high-barrier South Florida side of the lane without removing the source-family caveat. Source: CBRE Miami Industrial Figures Q1 2026 reports 540,000 SF of absorption, 6.8% vacancy, 9.6% availability, $16.84/SF asking rent, a 4.1M SF construction pipeline, and deliveries down 45% year over year. The useful signal is quality-spread and corridor selectivity: CBRE says Class A product in core logistics corridors remains favored, while the market has normalized from the 2022-2023 surge.

Source: Marcus & Millichap Miami-Dade Industrial Market Report 2Q 2026 adds a later South Florida teaser row to the same high-barrier lane. It supports the airport-logistics case with 13.6% MIA cargo growth in 2025, a record 3.5M tons, Q4 2025 leasing above 5.0M SF, and at least 24 leases above 100,000 SF in the year ended March 2026. The readiness implication is support without full export: the same teaser reports negative 2025 absorption, roughly 1.0M SF of Q1 2026 move-outs, and tariff / energy-volatility risk.

Source: Matthews San Jose CA Industrial Market Report Q1 2026 adds a Silicon Valley specialized-industrial cross-check rather than a conventional logistics-rank upgrade. Matthews reports 8.4% vacancy, 546,000 SF of absorption, $26.21/SF asking rent, -2.1% rent growth, 3.5M SF under construction, 689,000 SF delivered, $1.8B of trailing sales volume, $372/SF pricing, and a 6.3% cap rate. The source supports a power-, semiconductor-, robotics-, clean-energy-, and AI-adjacent demand lane, but flex weakness, elevated vacancy, and source-internal panel conflicts keep San Jose as a specialized high-barrier comparator rather than a full-confidence national logistics leader.

Use implication: San Jose / Silicon Valley belongs in the high-barrier specialized-industrial watchlist, not the broad Tier 3 distribution-hub rank. Any exported rank should separate South Bay advanced manufacturing, R&D/flex, power-rich industrial, and commodity logistics evidence, and should keep CBRE / Matthews rent, vacancy, and pipeline methodology differences visible.

Source: Matthews Central Will IL Industrial Market Report Q1 2026 adds a submarket-level Chicago / Will County row. Matthews reports 1.4% vacancy, 1.9% availability, $7.71/SF asking rent, roughly 5.0% rent growth, 100,000 SF under construction, -11,900 SF of absorption, $870,000 of sales volume, $84/SF pricing, and an 8.1% cap rate. The useful ranking signal is not a Chicago-wide upgrade; it is proof that the I-80 / Will County lane contains tighter micro-locations alongside broader Joliet / big-box supply caution.

Use implication: Central Will should remain a submarket caveat under Chicago rather than a standalone national rank. It supports corridor selection and low-availability underwriting, while small sales volume and negative Q1 absorption prevent treating it as a broad liquidity or demand-depth signal.

Source: CBRE Reno Industrial Figures Q1 2026 adds a second Reno Q1 2026 source-family row beside C&W. CBRE reports 10.6% vacancy, 426,000 SF of net absorption, and $0.81/SF/month NNN average asking rent. The ranking implication is selective Mountain West recovery, not an upgrade to tight-market status: CBRE and C&W both show positive demand and the same asking-rent level, but differ on vacancy and absorption enough that Reno remains node- and source-family-caveated.

Source: Colliers Reno Industrial Market Report 2026 Q1 reinforces that caveat with a third source-family vacancy read: 12.5% vacancy, up 10 bps from Q4 2025, with the market still adjusting to 2025 new supply. The row improves source coverage but not ranking confidence; Reno remains a supply-digestion / node-selection candidate rather than an export-ready tight industrial market.

Source: Colliers Charleston Industrial Market Report Q1 2026 adds a second-source Charleston recovery cross-check but does not move Charleston into a full-confidence strategic rank. Colliers' visible page reports 2,427,792 SF of Q1 net absorption, vacancy lowered below 20%, and a 13% year-over-year decline in Port of Charleston TEU volume. The ranking implication is product-slice discipline: big-box absorption restarted after rent softening, while small industrial / flex remained tight and port-throughput weakness remained a demand caveat.

Source: Cushman & Wakefield Charleston Industrial MarketBeat Q4 2025 and Source: Cushman & Wakefield Charleston Industrial MarketBeat Q1 2026 add the C&W table-backed version of that Charleston supply-reset read. C&W reports vacancy at 14.3% in Q4 2025 and 14.4% in Q1 2026, with under-construction space falling from 573,864 SF to 25,000 SF and Q1 leasing accelerating to 2.45M SF. It supports a lease-up recovery and pipeline-clearing signal, but not a tight-market promotion: physical vacancy remains elevated, Q4 2025 still showed tenant-concession pressure, and C&W's stronger Q1 leading indicator is the separate 13.3% vacant-available rate after newly signed leases had not yet fully occupied.

Source: Cushman & Wakefield Charleston Industrial MarketBeat Q2 2026 adds the current C&W continuation: vacancy fell 110 bps quarter over quarter to 12.9%, YTD absorption reached 1,321,683 SF, YTD leasing reached 3,670,204 SF, and under-construction space was only 265,063 SF. This improves Charleston's recovery evidence, but it does not clear the ranking gate because vacancy remains elevated, concessions still matter, and Mt. Pleasant / Hwy 17 N, Outer I-26 / I-95, Ridgeville, and Daniel Island show sharp corridor dispersion. Keep Charleston as a supply-reset / coastal-risk sidecar rather than a ranked Tier 2 logistics leader.

Source: CBRE Palm Beach Industrial Figures Q1 2026 adds the northern South Florida contrast. CBRE reports 7.7% county vacancy, 31,000 SF of positive absorption, $13.87/SF asking rent, 813,000 SF under construction, and 36% preleasing, but the useful signal is dispersion: more than 1.2M SF of northern large-format bulk product remained available while Lake Worth, Jupiter, and Boca Raton posted 1.0%, 1.8%, and 3.2% vacancy, respectively.

Source: JLL Palm Beach Industrial Market Dynamics Q1 2026 adds a second Palm Beach source family. JLL reports 88,128 SF of Q1 / YTD absorption, 7.4% vacancy, 9.2% availability, $14.17/SF annual NNN asking rent, 1.09M SF under development, 0.0% preleasing, no Q1 deliveries, 250,000 SF of lease / renewal volume, and roughly $106M of transaction volume. Ranking implication: Palm Beach has county-specific demand, rent, and liquidity evidence, but 0.0% preleasing, rising concessions, and recent Class A delivery pressure keep it a product-fit / lease-up underwriting lane rather than a full-confidence South Florida rank.

Source: CBRE Broward Industrial Figures Q1 2026 adds the middle-county stabilization read. CBRE reports 5.5% vacancy, 9.1% availability, 101,000 SF of positive absorption, 1.2M SF of leasing, $17.50/SF NNN asking rent, and +30% asking-rent growth since Q1 2023. It also cites Kurv's $220M East Pompano Industrial Center acquisition and Blackstone's $164M Pompano trade as early-2026 capital-flow evidence.

Source: JLL Broward Industrial Market Dynamics Q1 2026 adds the JLL Broward source-family row: 155,704 SF of Q1 / YTD absorption, 6.2% vacancy, 9.3% availability, $16.80/SF NNN asking rent, 802,153 SF under development, 0.0% preleasing, no Q1 deliveries, about 1.05M SF of Q1 leasing, and $242M of sales volume. Ranking implication: Broward has legitimate demand and capital-interest evidence, but 0.0% preleasing, rising concessions, vacancy up 40 bps from Q4, and a renewal-heavy leasing mix keep it in the node-selected South Florida lane rather than a full-market upgrade.

Source: Marcus & Millichap Fort Lauderdale Industrial Market Report 2Q 2026 adds a later Broward teaser row. Marcus says Fort Lauderdale sub-50,000-SF leasing rose about 30% in 2025 to roughly 2.8M SF, helped by 6.7% annual retail-sales growth, but vacancy rose over 100 bps in most submarkets in the year ended March 2026 and pressure was greatest in West Sunrise and Pompano Beach.

Source: Matthews South Florida Industrial Market Report Q1 2026 adds a broader South Florida / Miami-Fort Lauderdale cross-check for the same high-barrier lane. Matthews reports 5.8% vacancy, -1.1M SF of annual absorption, $18.64/SF asking rent, 1.2% rent growth, 895K SF under construction, about $345M of Q1 sales volume, $279/SF average pricing, and a 5.4% market cap rate. The useful signal is selective capital support despite softer leasing: smaller-bay and well-located product retains pricing power, but the supply wave and larger-format warehouse softness keep South Florida node-selected rather than full-confidence as one blended market.

Source: Colliers Miami-Dade County Industrial Market Report 1Q26 adds a Miami-Dade-specific Colliers source-family row to the same caveat. Colliers reports 3.2M SF of Q1 leasing and $17.04/SF NNN rent, but also 1.4M SF of new supply, -124,300 SF of absorption, 7.1% vacancy, and 2.9M SF under construction. The ranking implication is unchanged but better evidenced: Miami / South Florida belongs in the high-barrier infill lane, while current underwriting still needs supply-digestion, source-boundary, and corridor selection discipline.

Use implication: South Florida's high-barrier lane should stay node-selected. Miami-Dade airport/core logistics, Broward infill/small-bay demand, Pompano / West Sunrise pressure, and Palm Beach county industrial are not the same underwriting object; Palm Beach's northern bulk overhang, JLL's 0.0% preleasing / rising-concession reads, Broward's JLL zero-prelease / renewal-heavy leasing row, and Marcus's Pompano pressure callout are product-fit warnings, not contradictions of coastal scarcity.

Source: Cushman & Wakefield Northeast Industrial Labor Report 2026 adds a readiness input for the Northeast high-barrier lane rather than a new rank. The applied rows (market_observations.id=45971-45976) preserve C&W's regional labor context: 0.6% projected warehouse-job growth, 0.1% projected production-job growth, around $26/hour wages, median household income above $96,000 in the covered states, and a 10-market Northeast coverage set. Use implication: this strengthens the labor and consumer-base support behind Boston / Northern NJ / NYC outer boroughs / Philadelphia / Pittsburgh / Connecticut industrial screening, but it does not resolve market-level rent, vacancy, absorption, or product-slice ranking blockers.

• Use the published industrial child boards as ranked sub-leagues, not as one all-purpose national list.
• Use structured only where the ranking depends on applied market observations with matching geography, property type, period, and source-note provenance.
• Use reviewed-synthesis where the direction is well supported but the source families are heterogeneous.
• Use provisional where the market appears in the board because the thesis is durable, but asset-level proof determines whether it is investable.
• Do not upgrade McAllen, Sherman-Denison, Corpus Christi, Northern Virginia powered-land, Los Angeles / South Bay, or Orange County to full-confidence until comparable current metrics are preserved or the page explicitly scopes them as source-note-led. Northern NJ and NYC outer boroughs now both have applied current public structured observations and a side-by-side source-family calibration table, but the combined NYC / Northern NJ lane still is not full-confidence because the rows cannot be blended into one vacancy, availability, rent, or leasing metric. Nashville, Greenville-Spartanburg, Kansas City, Indianapolis, Memphis, Charlotte, and Savannah now have applied current public structured observations from the C&W national Q1 2026 same-source table. Use that table for the narrow operating-momentum lane only; keep the broader Tier 2 board lane-labeled.

Source: JLL National Industrial Market Dynamics Q1 2026 reinforces the broad industrial read without replacing the C&W same-source Tier 2 operating-momentum table. JLL reports 145.2M SF of Q1 leasing activity, 50.9M SF of Q1 absorption, 7.5% total vacancy, 259.5M SF under construction, and 55.7M SF of Q1 deliveries, the lowest quarterly delivery volume since Q2 2017. The structured JLL import now preserves those national rows plus rent, preleasing, BTS / owner-user pipeline share, big-box and 3PL demand, and capital-markets indicators as JLL-labeled observations. The most useful underwriting signal is not a new market rank; it is demand-shape confirmation: big-box leasing for spaces of at least 500,000 SF rose 80.7% year over year, 3PL leasing rose 65.2% year over year, and Dallas-Fort Worth / Houston / Eastern and Central Pennsylvania / Savannah accounted for 32.6% of the construction pipeline.

Source: JLL U.S. Industrial Market Dynamics Q2 2026 updates that national cross-check with a sharper demand inflection: 175.7M SF of Q2 leasing activity, up 49.4% year over year and 20.9% quarter over quarter; 99.1M SF of Q2 net absorption; 6.8% national vacancy; 5.8% vacancy for JLL's Class A warehouses over 1M SF; 276M SF under construction; and $10.45/SF asking rent. Big-box leasing for spaces at least 500,000 SF increased 58.3% year over year. This is article-level headline evidence, not a full table or market-ranking replacement: retain JLL's source-defined universe and keep the 276M-SF pipeline, rent-basis ambiguity, and local broker-family boundaries explicit.

Source: Newmark 1Q26 U.S. Industrial Market Conditions & Trends adds a weaker but useful Newmark national public-preview cross-check: visible text reports 53.9 MSF of net absorption against 45.3 MSF of deliveries, vacancy easing for the first time in two years, and new leasing reaching its highest quarterly level since 2022. It supports the same stabilization-with-selectivity frame, but it does not change any confidence tier because the full report tables, ranked markets, and metro rows were not preserved.

Use implication: this strengthens the case that big-box quality, 3PL depth, and supply-chain resilience remain live demand channels, while also reinforcing the need to separate national logistics hubs, port / BTS enclaves, and Tier 2 operating-momentum screens. It does not upgrade any market to full-confidence strategic leadership without the existing submarket, product-basis, tenant-depth, and pipeline-composition checks.

Source: Colliers Top 25 Industrial Markets June 2026 adds a useful concentration and rebalancing check, but not a full-confidence ranked market table. The structured import preserves Colliers-defined aggregate rows for the top-25 markets, other tracked markets, and U.S. total (market_observations.id=22251-22280). The strongest source-family signal is that the top-25 group held 76% of Colliers' tracked national industrial base, posted 145.8M SF of trailing-12-month absorption, and saw absorption increase 19.0% year over year while trailing-12-month new supply declined 25.5%.

Use implication: this supports the sorting-cycle premise behind the ranking work because demand recovery and supply slowdown are showing up in the largest markets as a group. It does not resolve the page's ranking blockers. Dallas-Fort Worth, Phoenix, Indianapolis, Chicago, and Houston can be cited as Colliers' demand-reacceleration leaders, but each still needs source-family and submarket/product proof before the readiness page treats it as a normalized peer rank.

Source: Colliers U.S. Industrial Market Outlook Report Q1 2026 adds the broader national / regional Colliers outlook behind the top-25 aggregate report. Its applied rows (market_observations.id=28265-28336) preserve 7.4% U.S. vacancy, 43.9M SF of Q1 absorption, 57.4M SF of new supply, roughly 286M SF under construction, $10.46/SF NNN average warehouse/distribution asking rent, regional supply-demand rows, and top-five absorption / pipeline callouts.

Use implication: this strengthens the rebalancing premise but does not create a new full-confidence rank. The South led Q1 absorption and pipeline volume, the Midwest had the tightest regional vacancy, and Atlanta / DFW / Phoenix / Houston / Columbus screened as Colliers' Q1 absorption leaders. But Colliers also shows mixed rent growth and continued pipeline rebuilding in selected nodes, so the same blockers remain: source-family labels, submarket/product dispersion, tenant-quality evidence, and pipeline composition.

Source: Cushman & Wakefield Columbus Industrial MarketBeat Q1 2026 adds a local C&W source-family read for one of the Midwest leaders that appeared in the Colliers national outlook. C&W reports 331.6M SF of Columbus inventory, 5.2% vacancy, 2.1M SF of Q1 / YTD net absorption, 4.0M SF of leasing activity, 7.9M SF under construction, 417,707 SF of completions, and $6.34/SF weighted average net rent. The useful ranking signal is absorption and leasing depth combined with a sharp vacancy compression from late 2024, not a simple upgrade: Southeast / Groveport had negative absorption and 2.65M SF under construction, Licking County was tight but pipeline-heavy, and Madison / Pickaway had large absorption prints with elevated vacancy.

Use implication: Columbus should remain a credible Midwest distribution-hub / Tier 2 logistics comparator, especially for I-70 / I-71, Rickenbacker, Licking County, and Pickaway County demand. It should not be exported as a full-confidence national leader without submarket and pipeline composition labels.

Source: Cushman & Wakefield Columbus Industrial MarketBeat Q2 2026 updates the local same-source comparator with 4.7% vacancy, +6.70M SF YTD absorption, 7.46M SF leasing, 10.14M SF under construction, and $6.33/SF weighted net asking rent. The result strengthens Columbus as a Midwest demand candidate, but traditional-bulk negative absorption and the Licking / Pickaway / Southeast pipeline keep the ranking source-family and node-caveated.

Source: CBRE Columbus Industrial Figures Q1 2026 adds a second current source-family cross-check for the same Midwest comparator lane. CBRE reports 4.4M SF of Q1 absorption, 5.0% vacancy, 7.1% availability, 6.3% QoQ / 12.4% YoY asking-rent growth, 413,000 SF of deliveries, and 4.6M SF under construction. The useful implication is stronger current operating momentum than C&W's market-total absorption read, while the blocker remains the same: CBRE does not expose submarket or product rows in the visible HTML, so the ranking page should preserve C&W's submarket caveats around Licking County, Southeast / Groveport, Madison County, and Pickaway County.

Source: Colliers Columbus Industrial Market Report Q1 2026 adds the local Colliers product-constraint layer for the same lane. Colliers reports 4.09M SF of Q1 absorption, 5.19% vacancy, 5.9M SF of leasing, 69% new-lease share, $419.7M of Q1 sales volume, and modern-bulk vacancy of 5.57%. The ranking-relevant detail is that first-generation modern bulk had only 1.2% availability and modern bulk plus under-construction space had 2.5% availability, while roughly 94% of modern bulk delivered since 2022 was occupied or under lease.

Use implication: Columbus moves closer to a high-confidence Midwest true-bulk scarcity lane because C&W, CBRE, and Colliers all show positive Q1 momentum. It still should not be exported as an unqualified full-confidence national leader: source-family definitions differ, C&W shows submarket pipeline risk, and Colliers' market-average rent still declined quarter over quarter even as modern-bulk rents rose.

Source: Marcus & Millichap Columbus Industrial Market Report 2Q 2026 adds a later Marcus teaser confirmation rather than a full rank upgrade. It reports about 180 bps of annual metrowide vacancy decline as of Q1 2026, Licking County average new lease size of 400,000 SF, Licking vacancy down roughly 670 bps to 2.8%, and Pickaway County Anduril manufacturing facilities totaling 1.7M SF near Rickenbacker.

Use implication: Marcus strengthens the Licking County / Pickaway County demand narrative behind Columbus's Midwest logistics lane, especially for large users and advanced-manufacturing adjacency. The readiness status remains source-family-caveated because the teaser does not expose full rent, absorption, pipeline, sales, or submarket tables.

Source: JLL Columbus Industrial Market Dynamics Q1 2026 adds a full JLL source-family confirmation for the same lane. JLL reports 3.04M SF of Q1 / YTD absorption, 4.0% vacancy, 6.9% availability, 5.81M SF under development, 72.2% preleasing, 301,077 SF of deliveries, and named logistics / advanced-manufacturing occupancy from DHL, Crane Logistics, Hikma, FST Logistics, and DB Schenker.

Use implication: JLL strengthens Columbus's high-confidence Midwest true-bulk / Class A scarcity case because it ties market tightening to large named occupiers and a heavily preleased pipeline. The readiness page still should not export Columbus as an unqualified full-confidence national leader because JLL also flags Class B departures and the source stack still contains material methodology spreads across vacancy, absorption, rent, pipeline, and product/submarket definitions.

Source: Newmark Columbus Real Estate Market Reports Q1 2026 adds another source-family confirmation focused on Class A leasing. Newmark reports 58.6% Class A warehouse share of total Columbus industrial leasing, 3.6M SF of Class A leasing, 3.3M SF of positive market absorption, 684,630 SF of deliveries, 6.6% vacancy, and $6.71/SF direct average asking rent in 1Q26.

Use implication: Newmark further supports Columbus as a Midwest true-bulk / Class A demand candidate, especially because absorption outpaced deliveries by about 4.9x. The readiness status still stays source-family-caveated: Newmark's visible landing page does not expose submarket, pipeline, tenant-roster, sales, or full PDF tables, so it should reinforce rather than replace the C&W, CBRE, Colliers, Marcus, and JLL caveats.

Source: CBRE Cleveland Industrial Figures Q1 2026 adds a defensive-yield Midwest contrast. CBRE reports 1.0M SF of Q1 absorption, 3.9% vacancy, a 40 bps quarter-over-quarter vacancy decline, $5.49/SF asking rent, no Q1 deliveries, and only 124,000 SF under construction. The useful ranking signal is supply discipline and income durability, not rent growth: asking rent still softened 0.5% quarter over quarter and year over year.

Source: CBRE Cleveland Industrial Figures Q2 2026 adds a current source-family check: 3.9% vacancy, 6.0% availability, -166K SF Q2 absorption, 1.02M SF YTD absorption, $5.89/SF/year NNN asking rent, and 324K SF under construction across a smaller 248.14M-SF universe. The negative quarter and distribution/logistics softness keep Cleveland in the defensive-income / functional-industrial comparator lane rather than a national big-box growth rank.

Source: CBRE Detroit Industrial Figures Q1 2026 adds a nearby Great Lakes low-vacancy comparator. CBRE reports 725,000 SF of positive Q1 absorption, 3.3% vacancy, 2.6M SF of leasing, and 1.6M SF under construction across six active projects. The ranking signal is tighter than Cleveland and useful for manufacturing / logistics corridor screening, but it remains source-family limited because the visible page does not expose rent, availability, submarket, product-type, or tenant rows.

Source: Marcus & Millichap Detroit Industrial Market Report 2Q 2026 keeps Detroit out of the clean Tier 2 promotion lane. The teaser reports 5% March 2026 vacancy and named automaker investments, but it also says auto restructuring has produced layoffs, closures, and metrowide net relinquishment. Northeast Detroit / Down River show year-over-year vacancy improvement but still face relinquishment pressure, so Detroit remains a Great Lakes manufacturing / logistics comparator rather than a full-confidence strategic rank.

Source: JLL Detroit Industrial Market Dynamics Q1 2026 sharpens the same readiness verdict. JLL reports -820,375 SF of Q1 / YTD absorption, 4.8% vacancy, 7.4% availability, $7.66/SF rent, 397,220 SF of deliveries, 715,025 SF under development, and 100.0% preleasing. The positive evidence is user-specific: Morgan Foods' 462,840 SF Airport/I-275 Corridor lease, GM's fully preleased Northern I-75 build-to-suit pipeline, and fully leased Romulus Commerce Center 5 delivery. Ranking implication: Detroit has source-backed tenant-proof industrial evidence, but the CBRE/JLL absorption split and Marcus auto-sector caution keep it source-family-caveated rather than export-ready as a clean Tier 2 logistics leader.

Source: JLL Milwaukee Industrial Market Dynamics Q1 2026 adds a Milwaukee Great Lakes calibration row rather than a ranking upgrade. JLL reports 5.6% vacancy, 8.9% availability, 320,889 SF of Q1 / YTD absorption, 1.01M SF under development, 51.8% preleasing, and $5.57/SF rent, while C&W and Marcus keep separate Milwaukee rows with different vacancy and Waukesha County figures. Use implication: Milwaukee can support a functional manufacturing / logistics comparator sleeve, especially Waukesha / Germantown / Oak Creek / Mitchell Airport, but it stays source-family- and corridor-caveated rather than full-confidence national leadership.

Source: JLL West Michigan Industrial Market Dynamics Q1 2026 adds Grand Rapids-Kentwood / West Michigan to the same Great Lakes comparator layer without making it rank-export ready. JLL reports 205,348 SF of absorption, 447,000 SF of direct absorption, 4.3% vacancy, 5.3% availability, $5.29/SF rent, 296,515 SF of deliveries, 317,000 SF under development, and 100.0% preleasing. The positive signal is tenant-led supply and GrowthSpoke's Northwest Grand Rapids lease; the blocker is source geography and scale, because JLL's large fully available delivery context includes broader West Michigan locations and the market remains lower-liquidity than major distribution hubs.

Source: JLL Minneapolis Industrial Market Dynamics Q3 2025 adds a pre-2026 JLL source-family row for the Twin Cities. JLL reports 3.11M SF of YTD absorption, 1.8M SF of Q3 absorption, 4.3% vacancy, 9.2% availability, 2.59M SF under development, 58.2% preleasing, $7.17/SF asking rent, and 9.4M SF of active tenant demand. It also says four of the five largest Q3 leases were in first-generation space and that manufacturing represented 67% of Q3 leasing activity.

Use implication: Minneapolis-St. Paul has credible new-building and tenant-demand evidence, but the readiness status remains source-family and currentness caveated. The JLL row predates newer Colliers Q1 2026 and Marcus & Millichap 2Q 2026 evidence, so it supports selective upper-Midwest logistics / first-generation demand rather than a full-confidence national rank.

Source: Matthews Cleveland OH Industrial Market Report Q4 2025 adds the Matthews / CoStar companion row for the same defensive-income lane. Matthews reports 4.4% vacancy, -939K SF of Q4 absorption, $6.68/SF asking rent, 2.4% rent growth, 1.1M SF under construction, 125K SF delivered, $58.1M of Q4 sales volume, $51/SF pricing, and a 10.5% cap rate. The report also says more than 90% of new leases were under 25,000 SF, which keeps Cleveland tied to smaller manufacturers and functional local distribution rather than big-box growth leadership.

Source: Matthews Cleveland OH Industrial Market Report Q1 2026 keeps Cleveland in the same defensive-income comparator lane rather than upgrading it. Matthews reports 4.3% vacancy, $6.70/SF asking rent, 2.2% rent growth, 399K SF under construction, 121K SF delivered, $127M of Q1 sales volume, $54/SF pricing, and a 10.4% cap rate. The source also flags weaker leasing, greater tenant caution, and renewals carrying more activity; its SF Absorbed: 420K panel row conflicts with the negative-absorption narrative, so do not use that row as clean ranking evidence.

Source: Colliers Northeast Ohio Industrial Market Report Q1 2026 adds a cautious Colliers landing-page cross-check. Colliers reports 6.1% vacancy, -619,700 SF of Q1 absorption, 88,300 SF of new supply, 776,300 SF under construction, and $4.80/SF asking rent, while describing tenants as more deliberate and lease timelines as longer.

Source: Marcus & Millichap Cleveland Industrial Market Report 2Q 2026 adds a later teaser confirmation that does not change Cleveland's rank lane. Marcus says Cleveland had the lowest vacancy rate among major U.S. markets as of March 2026 and positive Q1 absorption after negative 2025 prints, but the row is small-user selective: sub-50,000-SF spaces were most stable, sub-25,000-SF Cuyahoga Heights-Garfield Heights warehouses drove local absorption, and big-box users shortened duration / leaned into renewals.

Source: JLL Cleveland Industrial Market Dynamics Q1 2026 adds the JLL source-family cross-check. JLL reports 502,118 SF of Q1 / YTD absorption, 3.6% vacancy, 6.3% availability, $5.70/SF asking rent, 265,000 SF under development, 85.0% preleasing, 250,211 SF of deliveries, stable concessions, 515,344 SF of warehouse/distribution absorption, $155M of Class A warehouse/distribution sold deal volume, and a 91-acre Hudson site-certification marker.

Source: Cushman & Wakefield Cleveland Industrial MarketBeat Q1 2026 adds the C&W/CRESCO source-family row: 729,229 SF of Q1 absorption, 3.9% vacancy, $5.80/SF weighted net asking rent, 1.99M SF of leasing activity, 1.40M SF under construction, and 362,300 SF of completions. This confirms early-2026 demand is constructive but does not upgrade Cleveland into the national growth lane because the broker-defined market remains low-rent, source metrics diverge, and the pipeline is mostly build-to-suit / user-specific.

Use implication: Cleveland should stay in the low-basis / defensive-income comparator set, not the distribution-hub growth lane. JLL improves confidence that vacancy, preleasing, and Class A warehouse/distribution liquidity are real, but low rent levels, negative Colliers absorption, Marcus's big-box caution, JLL's select-submarket framing, and missing public submarket/product tables keep it out of full-confidence national logistics leadership.

Source: CBRE Pittsburgh Industrial Figures Q1 2026 adds a western Pennsylvania comparator with a different mix from Cleveland: +459,000 SF Q1 absorption, 5.4% vacancy, 6.1% availability, $7.63/SF average asking rent, 843,000 SF under construction, and 318,000 SF of Q1 deliveries. It supports selective current-income screening, but the ranking implication is capped by the rent reset: asking rates declined 1.3% quarter over quarter and 14.1% year over year even as vacancy and availability improved.

Source: Colliers Pittsburgh Industrial Market Report Q1 2026 corroborates the stabilization side of that read with 5.5% vacancy, 126,422 SF of new supply, and +204,860 SF of Q1 absorption. The ranking implication does not change because the public Colliers extract lacks rent, availability, submarket, and pipeline rows; it strengthens Pittsburgh as a Rust Belt comparator, not as a promoted national logistics leader.

Source: JLL Pittsburgh Industrial Market Dynamics Q1 2026 adds a fuller local source-family check: 322,999 SF of Q1 / YTD absorption, 4.7% vacancy, 5.8% availability, $7.14/SF rent, 204,860 SF under development, 9.8% preleasing, 36,165 SF of deliveries, and City Brewing's 144,432 SF Westmoreland County expansion.

Use implication: Pittsburgh Industrial and Logistics Market belongs beside Cleveland and other Rust Belt / Midwest comparators as a basis-discipline market, not as a promoted national logistics leader until submarket, tenant, and product evidence is preserved. JLL improves the confidence that Pittsburgh is stable and supply-restrained, but the spread across CBRE, Colliers, and JLL on rent, vacancy, and pipeline definitions keeps the readiness status source-family-caveated.

Source: Cushman & Wakefield Cincinnati Industrial MarketBeat Q1 2026 adds a tri-state Midwest comparator with a different risk shape from Columbus. C&W reports 327.8M SF of Cincinnati inventory, 5.4% vacancy, 2.7M SF of Q1 / YTD absorption, 1.84M SF of leasing activity, 2.58M SF under construction, 446,509 SF of completions, and $6.35/SF weighted average net rent. The useful signal is build-to-suit absorption rather than speculative supply digestion: C&W says the pipeline was entirely BTS, while Modern Bulk still had 11.0% vacancy and Northern Kentucky carried 9.9% vacancy.

Source: CBRE Cincinnati Industrial Figures Q1 2026 adds a second current source-family cross-check. CBRE reports 2.8M SF of Q1 absorption, 1.5M SF of user sales, Walmart's 1.2M SF purchase of 760 Encore Drive, 1.5% Northeast vacancy after a 266 bps quarter-over-quarter decline, 2.0M SF of sale volume, 5.6M SF of total transaction volume, 926,500 SF of deliveries, and two starts totaling 114,452 SF. The useful signal is named user demand and transaction activity, not a broad speculative cycle.

Source: Colliers Cincinnati Industrial Report Q1 2026 adds the local Colliers source-family cross-check. Colliers reports 295.4M SF of inventory, 5.3% vacancy, +2.36M SF of Q1 absorption, 2.5M SF under construction, $6.26/SF NNN asking rent, and selected submarket rows showing Airport and Monroe / Middletown absorption strength but Florence / Richwood vacancy of 13.5%.

Source: Cushman & Wakefield Louisville Industrial MarketBeat Q1 2026 adds Louisville as a table-backed air-cargo / Ohio Valley comparator. C&W reports 208.0M SF of inventory, 4.0% vacancy, -12,047 SF of Q1 / YTD absorption, 1.38M SF of leasing, 6.61M SF under construction, and 953,980 SF of completions, but the ranking signal is mixed: South Louisville was tight, Meta anchored Bullitt County leasing, West / Southwest drove negative absorption, and Southern Indiana bulk vacancy reached 14.3%. Louisville belongs in a node-specific logistics lane, not full-confidence broad market ranking.

Source: Cushman & Wakefield San Antonio Industrial MarketBeat Q1 2026 adds a table-backed San Antonio comparator for the Texas I-35 value sleeve. C&W reports 140.55M SF of inventory, 11.3% vacancy, 668,077 SF of Q1 / YTD absorption, 571,326 SF of leasing, 2.74M SF under construction, 462,750 SF of completions, and $8.08/SF warehouse / distribution net rent. The ranking signal remains source-family-caveated: South carried the positive absorption and JCB / Toyota project anchors, while Northeast had 16.9% vacancy and negative absorption.

Use implication: Cincinnati belongs in the Midwest logistics / BTS comparator set, especially for I-75 / I-71, CVG / Northern Kentucky, and Northwest / Monroe big-box demand. It should remain source-family and product-slice caveated because Modern Bulk, Light Industrial, Manufacturing, Office Service, Northern Kentucky / Florence-Richwood, Northeast, Northwest, Airport, Monroe / Middletown, and Tri-County / West Chester are telling different stories.

Source: JLL Austin Industrial Market Dynamics Q1 2026 adds a table-backed Austin caution row for the Texas high-beta manufacturing / compute sleeve. JLL reports 554,611 SF of Q1 / YTD absorption, 20.1% vacancy, 23.0% availability, $11.66/SF asking rent, 7.19M SF under development, 48.5% preleasing, 2.09M SF of deliveries, 3.7M SF of speculative construction, and rising concessions. Baer Manufacturing, ZT Systems, and Samsung's 3.2M SF Taylor fab support the tenant-demand thesis, but the same source says more than 33M SF of speculative deliveries since Q1 2021 pushed vacancy from 4.6% to 20.1%.

Source: Marcus & Millichap Austin Industrial Market Report 2Q 2026 adds a later teaser-level submarket check. Georgetown had the most absorption relative to inventory but the highest local vacancy after a 2023 supply wave; Hays County entered 2026 with vacancy roughly 600 bps higher than the prior quarter and a nearly quadrupling completion slate; Northeast and Southeast Austin both posted Q1 vacancy declines, but Southeast carried a much larger active-pipeline share.

Use implication: Austin Industrial and Logistics Market remains a source-family-caveated, high-beta advanced-manufacturing / compute market. The JLL and Marcus rows strengthen tenant-proof and submarket-dispersion evidence, but they also block any full-confidence broad logistics ranking because vacancy, availability, concessions, delivery pressure, and uneven active-pipeline exposure remain elevated.

Source: Marcus & Millichap Memphis Industrial Market Report 2Q 2026 adds a later teaser-level overlay to the Memphis function-first candidate lane. Marcus supports inland-hub and manufacturing demand with five Class I railroads, MEM cargo-airport positioning, large-bay leasing above 20M SF and up more than 60% over the year ended March 2026, MEM-area vacancy tightening, manufacturing vacancy compression above 200 bps, and Ford BlueOval City / Amplify pipeline anchors. Use implication: Memphis gains stronger demand-channel support, but it still remains below full-confidence Tier 2 strategic leaders because the source is teaser-only and the C&W / CBRE stack still requires DeSoto / Marshall, pipeline, rent-basis, and submarket discipline.

Source: CBRE Charleston Industrial Figures Q1 2026 adds a Southeast port / manufacturing comparator with a different risk shape from Savannah, Greenville-Spartanburg, and Charlotte. CBRE reports 867,000 SF of Q1 absorption, 13.0% vacancy, 16.8% availability, 175,000 SF under construction, 4.9% year-over-year rent growth, and a 93.1% year-over-year decline in under-construction inventory.

Use implication: Charleston belongs in the port / manufacturing / I-26 comparator set, but not as a tight-market rank. CBRE, Colliers, and C&W all support the supply-reset watchlist: demand has improved and the pipeline has cleared, but vacancy and availability remain elevated after heavy 2024 deliveries. Any ranking export should keep corridor proof around port, Boeing, Volvo, Mercedes, Palmetto Commerce, Camp Hall, Summerville / Jedburg, Ridgeville, and I-26 rather than relying on a market-total recovery headline.

Source: Cushman & Wakefield Denver Industrial MarketBeat Q1 2026 adds a Mountain West supply-reset comparator. C&W reports 277.6M SF of inventory, 7.7% vacancy, 982,949 SF of Q1 / YTD absorption, 2.9M SF of leasing, 4.17M SF under construction, 354,432 SF of completions, and $8.99/SF W/D weighted average net rent. The useful rank signal is not tightness; it is recovery selectivity. Small and mid-bay leasing was much stronger than 250,000+ SF leasing, while I-76 posted 17.6% vacancy and negative absorption and Airport carried the largest pipeline.

Source: CBRE Denver Industrial Figures Q1 2026 adds a CBRE market-total cross-check. CBRE reports 416,000 SF of Q1 absorption, 8.6% vacancy, 10.4% availability, $10.00/SF average asking rent, $9.12/SF achieved rent, 3.6M SF under construction, and 413,000 SF of deliveries. It agrees with the positive-but-measured recovery frame while showing slower absorption and a looser availability boundary than a tight-market rank would tolerate.

Source: JLL Denver Industrial Market Dynamics Q1 2026 adds a more cautious JLL source-family check. JLL reports -284,802 SF of Q1 / YTD absorption, 9.3% vacancy, 11.8% availability, 752,036 SF of deliveries, 4.06M SF under development, 27.1% preleasing, and rising concessions. It also flags Northeast absorption of -535,069 SF with vacancy above 16.0% and I-70/East occupancy losses.

Source: Marcus & Millichap Denver Industrial Market Report 2Q 2026 adds a later public-teaser overlay. Marcus supports node-level improvement by saying north and northeast Denver each recorded year-over-year vacancy declines above 150 bps in Q1 2026, but it also says Denver had negative trailing-year absorption as companies exited the region, including Heibar, and that northeast Denver entered 2026 with first-quarter net relinquishment.

Use implication: Denver belongs in recovery-watch and powered-land / manufacturing-adjacent screens, not in a full-confidence logistics leader lane. Any ranking export should label size-band exposure, Airport / I-76 / Northeast / I-70-East supply pressure, CBRE / C&W / JLL / Marcus source-family differences, and the distinction between true warehouse demand and AI / manufacturing adjacency.

Source: Cushman & Wakefield Salt Lake City Industrial MarketBeat Q1 2026 adds a Wasatch Front supply-composition comparator. C&W reports 165.0M SF of inventory, 7.9% vacancy, 61,018 SF of Q1 / YTD absorption, 1.22M SF of leasing, 1.97M SF under construction, and $0.80/SF/month NNN asking rent. The ranking signal is not broad scarcity: W/D vacancy was 9.9%, and buildings over 100,000 SF accounted for 91% of W/D vacancies. The scarcity signal is in smaller boxes and non-W/D product: 10,000-100,000 SF buildings had 3.0% vacancy, manufacturing vacancy was 2.2%, and OS / flex vacancy was 2.7%.

Source: CBRE Salt Lake City Industrial Figures Q1 2026 adds a narrower CBRE source-family check. CBRE's visible public page reports more than 3.1M SF underway, roughly 2.7M SF expected to deliver by year-end 2026, and a fully occupied 116,000 SF Q1 delivery at SLC Global Logistics Center. The page also says vacancy declined, absorption rose to a six-quarter high, asking lease rates increased modestly, and leased square footage tracked close to the five-year average, but those statements are directional rather than numeric in the preserved HTML.

Source: JLL Salt Lake City Industrial Market Dynamics Q1 2026 adds the JLL source-family view and sharpens the bifurcation read. JLL reports 796,141 SF of YTD absorption, 5.76M SF under development, 39.5% preleasing, 1.32M SF of YTD deliveries, 7.7% vacancy, 10.0% availability, $0.87/SF/month asking rent, and rising concessions. The ranking implication is positive but event-sensitive: two 500,000+ SF full-building users and an 833,280 SF government-purchase inventory removal improved absorption, while JLL still flags future delivery pressure, secondary-submarket softness, and a 145,000 SF average available building size.

Use implication: Salt Lake City belongs in selective small / mid-bay, manufacturing-support, airport / inland-port logistics, Class A first-generation, and powered-land caution screens. CBRE and JLL improve the current momentum read, but the 2026 delivery schedule keeps the market in supply-composition diligence rather than a generic big-box logistics leader lane. Underwriting must still price Northwest supply, Utah County / Northwest Quadrant concentration, West Valley and secondary-node softness, large-box vacancy, power constraints, preleasing, concessions, and new-delivery availability.

Source: Cushman & Wakefield Salt Lake City Industrial MarketBeat Q2 2026 updates the C&W source-family read: 7.8% vacancy, 545,289 SF of Q2 absorption, 619,795 SF of YTD absorption, 3.45M SF of leasing, 2.05M SF under construction, 5% pipeline preleasing, and $0.86/SF/month weighted net asking rent. The Q2 table keeps the same bifurcation: 9.8% W/D vacancy versus 2.4% manufacturing and 2.8% office service/flex, with North West accounting for 94% of new leasing.

Use implication: Salt Lake City remains a selective Wasatch Front candidate, not a generic big-box leader. The new C&W Q2 table improves current submarket and product-type evidence, but rising year-over-year vacancy, 3.8M SF of still-available deliveries since 2024, and low pipeline preleasing preserve the supply-composition gate.

Source: Cushman & Wakefield Tucson Industrial MarketBeat Q1 2026 adds a secondary-market Arizona comparator to the same ranking discipline. C&W | PICOR reports 52.7M SF of Tucson industrial inventory, 8.0% vacancy, 182,797 SF of Q1 / YTD absorption, 191,202 SF under construction, 373,811 SF of YTD completions, and $0.91/SF/month industrial net rent. The ranking signal is selective rather than broad: SW Tucson / Airport was 13.1% vacant and carried all listed under-construction and completion space, while Downtown was 3.2% vacant and Northeast was 2.9% vacant. Tucson belongs in corridor-specific small / service-industrial screens, not in the national large-box leader set.

Source: JLL Kansas City Industrial Market Dynamics Q1 2026 adds a JLL source-family row with 4.80M SF of YTD absorption, 6.1% vacancy, 8.0% availability, 505,271 SF of deliveries, 1.63M SF under development, 46.1% preleasing, and $5.74/SF asking rent. It improves tenant / pipeline composition with named move-ins, a 195,000 SF AJ Manufacturing BTS lease, a 187,600 SF Stryten renewal, McKesson's Hunt Midwest Business Center Logistics VI occupancy, and a fully leased Lenexa Logistics Centre - South 6 delivery.

Use implication: Kansas City Industrial and Logistics Market remains a structured Tier 2 industrial candidate, especially for BNSF / Johnson County, Northland / KCI, Wyandotte, and South Jackson County demand. The JLL row strengthens positive absorption, low vacancy, modest pipeline, and tenant-depth evidence, but it does not by itself resolve BTS/spec, tenant durability, broker-boundary, or submarket-dispersion gates against Nashville, Greenville-Spartanburg, Savannah, Charlotte, Indianapolis, and Memphis.

Source: JLL Des Moines Industrial Market Dynamics Q1 2026 adds a smaller-market Midwest source-family row with 15,866 SF of Q1 / YTD absorption, 6.9% vacancy, 8.3% availability, 136,776 SF of deliveries, 914,186 SF under development, 94.5% preleasing, and $6.25/SF asking rent. It also adds named project detail: Baker Group's 270,000 SF Altoona lease, Vermeer's planned 300,000 SF / $102M Bondurant manufacturing facility, MHC Kenworth and Baker Group Ankeny activity, and Tract's Norwalk / Altoona data-center context.

Use implication: Des Moines-West Des Moines Industrial and Logistics Market belongs in the functional-industrial / powered-land watchlist, not the Tier 2 logistics ranking board. High preleasing and named projects help the diligence case, but modest absorption, project-specific data-center execution, and smaller-market liquidity keep it source-family- and corridor-caveated.

Source: JLL Nashville Industrial Market Dynamics Q1 2026 adds a JLL source-family row to the Tier 2 leader board: 1.81M SF of YTD absorption, 6.6% vacancy, 9.9% availability, $9.70/SF asking rent, 3.95M SF under development, 35.9% preleasing, 1.30M SF of YTD deliveries, and stable concessions. It also adds two important risk labels: East absorbed 1.4M SF and was the primary early-2026 demand source, while sublease inventory rose to 1.30M SF.

Use implication: Nashville remains a Tier 2 leader, but the JLL row argues against a simplistic tight-market export. The right ranking language is source-family and product-specific: modern East / North logistics demand and high asking rents support the leader case, while 9.9% availability, sublease inventory, legacy-product concessions, and Southeast / IBD negative absorption keep the same speculative-pipeline and submarket-risk caveat in force.

Source: Cushman & Wakefield Nashville Industrial MarketBeat Q2 2026 updates the same-source Nashville row: 5.1% vacancy, 938,003 SF of Q2 occupancy gains, 837,789 SF of YTD absorption, 3.23M SF of YTD leasing, 5.72M SF under construction, 2.44M SF of YTD completions, and $9.06/SF/year overall weighted net asking rent. The supply risk is now current rather than historical: 1.9M SF delivered in Q2 with 19.3% preleasing, East vacancy reached 9.0%, and renewals totaled 3.9M SF versus 2.3M SF of new leasing.

Use implication: retain Nashville as a Tier 2 tight-vacancy / rent leader, but downgrade any broad momentum claim. C&W's Q2 row supports strong leasing and occupancy gains, while delivery concentration, 5.72M SF under construction, East pressure, and renewal-heavy activity require source-family and submarket labels.

Source: Matthews Nashville TN Industrial Market Report Q2 2025 adds a 2025 Matthews / CoStar calibration row behind that same caveat. Matthews reported $406M of Q2 2025 sales volume and $124/SF pricing, but also 6.0% vacancy, 8.9% availability, -770K SF absorption, 8M SF under construction, and more-than-80% post-2020 new-supply concentration in Wilson County or Southeast Nashville. Use implication: Matthews improves liquidity and corridor evidence, but it confirms that Nashville's rank language must remain period-labeled and supply-risk-aware.

Source: Cushman & Wakefield Tampa Bay Industrial MarketBeat Q1 2026, Source: CBRE Tampa Industrial Figures Q1 2026, and Source: Matthews Tampa FL Industrial Market Report Q1 2026 now give Tampa Bay same-quarter source-family evidence. C&W reports 125.5M SF of inventory, 6.8% vacancy, 452,300 SF of Q1 absorption, 1.153M SF of leasing, 1.494M SF under construction, 212,322 SF of completions, and $10.32/SF/year asking rent. CBRE reports 7.5% vacancy and availability near 10%, while framing the market as normalized rather than broken: infill and sub-100K SF buildings remain constrained, while larger-format and outlying projects carry most available inventory. Matthews reports 7.3% vacancy, 379,000 SF of Q1 absorption, 322,000 SF delivered, 2.6M SF under construction, $12.69/SF asking rent, $154/SF pricing, and a 7.6% cap-rate read.

Source: Marcus & Millichap Tampa-St. Petersburg Industrial Market Report 2Q 2026 adds a later teaser overlay to that same product-dispersion read. Marcus reports record small-bay leasing near 4.0M SF in 2025, Port Tampa Bay container traffic up 2% year over year, a possible decade-low 2026 completion year, no major Plant City deliveries after more than 6.0M SF added since 2022, and a March 2026 vacancy split of about 4% for small-bay properties versus 12% for buildings over 100,000 SF.

Source: JLL Tampa Bay Industrial Market Dynamics Q1 2026 adds a JLL same-quarter row: 196,838 SF of Q1 absorption, 8.7% vacancy, 11.9% availability, $11.03/SF annual asking rent, 2.45M SF under development, 15.9% preleasing, stable concessions, and 7.2% year-over-year rent growth. It strengthens the East Side / I-4 lane with 167,900 SF of East Side absorption and named JW Logistics, Ace Hardware, and Southern Tire Mart commitments, while also flagging a roughly 21.5M SF proposed pipeline.

Use implication: Tampa Bay belongs in a selective I-4 / Florida-interior distribution comparator lane, not a full-confidence national logistics leader lane. The shared signal is product dispersion after supply growth: smaller infill product can stay scarce while larger-format outer nodes require tenant, preleasing, flood/insurance, and truck-access proof. The Marcus and JLL overlays improve the supply-pullback, small-bay backfill, and East Side demand case, but Marcus still reports elevated large-building vacancy and airport-area softness while JLL reports 11.9% availability and a large proposed pipeline.

Source: Cushman & Wakefield Orlando Industrial MarketBeat Q1 2026 and Source: CBRE Orlando Industrial Figures Q1 2026 now give Orlando same-quarter source-family evidence. C&W reports 128.5M SF of inventory, 8.1% vacancy, 187,174 SF of Q1 absorption, 696,094 SF of leasing, 3.107M SF under construction, 1.330M SF of YTD completions, and $9.49/SF/year asking rent. CBRE reports 357,000 SF of absorption, 10.1% vacancy, 12.8% availability, $10.01/SF asking rent, 2.1M SF under construction, and 673,000 SF of Q1 deliveries.

Source: Marcus & Millichap Charlotte Industrial Market Report 2Q 2026 adds a later Tier 2 logistics product-size check. Marcus says Charlotte's recent construction wave averaged more than 10M SF per year over the prior four years and left vacancy above pre-pandemic norms, but 2026 supply was projected below 4M SF. The teaser supports larger/newer-space demand and a 50,000-SF-plus warehousing rebound, while pre-2000 10,000- to 50,000-SF churn and smaller-space net relinquishment keep Charlotte below the cleaner tight-vacancy leaders.

Source: Marcus & Millichap Orlando Industrial Market Report 2Q 2026 adds the later teaser overlay. Marcus says completions should slow markedly after more than 20M SF delivered over a four-year stretch, vacancy changed minimally year over year through March, and big-box distribution strength was concentrated west of OIA with several leases over 200,000 SF. The caveat is product-specific: older sub-50,000-SF spaces kept posting negative absorption, while newer small-bay inventory had more stable demand and mid-5 percent segment vacancy.

Source: Cushman & Wakefield Orlando Industrial MarketBeat Q2 2026 adds a full current C&W table to the Orlando lane: 8.4% vacancy, +319,787 SF Q2 absorption, +628,930 SF YTD absorption, 1.60M SF YTD leasing, and 3.09M SF under construction. It strengthens current-source coverage but does not change Orlando's confidence tier because only 18.3% of the pipeline was preleased, Airport/Lake Nona was 11.9% vacant, and leasing was down 69.6% year over year.

Source: JLL Orlando Industrial Market Dynamics Q1 2026 adds a JLL same-quarter row: 371,461 SF of Q1 absorption, 9.3% vacancy, 12.9% availability, $10.72/SF NNN rent, 2.14M SF under development, 4.0% preleasing, 1.51M SF of deliveries, and stable concessions. JLL strengthens the North Orange and Southeast / Southwest Orange demand read but also preserves Lake County 21.7% vacancy and a forward-looking Space Coast / aerospace thesis that needs Brevard-specific verification.

Use implication: Orlando belongs as a Central Florida / I-4 comparator with positive absorption, rent growth, OIA-west freight-node demand, and potential supply relief, but not as a generic national leader. The shared diligence gate is supply digestion, product age, and submarket proof: CBRE's vacancy and availability increased year over year, C&W's Airport / Lake Nona row shows the market's largest pipeline and negative absorption, Marcus separates OIA-west big-box strength from older small-format move-outs, and JLL shows low preleasing plus Lake County vacancy. Preserve broker and corridor labels before comparing Orlando to Tampa Bay, Lakeland / Polk, Phoenix, Las Vegas, or Tier 2 operating-momentum markets.

Source: CBRE Jacksonville Industrial Figures Q1 2026 adds a CBRE source-family read to the existing Jacksonville industrial evidence stack. CBRE reports -317,000 SF of Q1 absorption, 11.3% vacancy, 13.3% availability, 901,000 SF under construction, three projects under construction, 110,000 SF of deliveries, and two completed properties. Asking rents were up only 0.1% quarter over quarter and 0.9% year over year in the visible HTML.

Source: Matthews Jacksonville FL Industrial Market Report Q1 2026 adds a second public Q1 2026 source family with a leasing-count and sales-volume angle. Matthews reports 10.2% vacancy, up 430 bps year over year; 74 lease deals; roughly 18,900 SF adjusted average lease size; $10.11/SF asking rent; a roughly 0.9M-2.4M SF construction range; and $289M of Q1 sales volume.

Source: Marcus & Millichap Jacksonville Industrial Market Report 2Q 2026 adds a later teaser that sharpens the product gate. Marcus says 2026 completions should slow to the lowest level since 2018 after a prior three-year delivery wave averaging more than 5M SF annually and a 750 bp vacancy increase. The same source says average time to lease reached five months in early 2026, small-bay / pre-2000-built assets were under the most pressure, even newer sub-50K SF buildings had Q1 net relinquishment, and larger distribution facilities benefited from modestly higher port activity.

Source: Cushman & Wakefield Jacksonville Industrial MarketBeat Q2 2026 adds a full current C&W table: 11.6% vacancy, +210,491 SF Q2 absorption, +560,664 SF YTD absorption, 2.17M SF leasing, and 1.34M SF under construction. It strengthens current-source coverage but keeps Jacksonville below a broad demand-led upgrade because 4.7M SF delivered with 83.3% still available, Orange Park/Clay County was 17.7% vacant, and St. Johns County was 49.7% vacant.

Use implication: Jacksonville remains a selective port / Northside / Westside logistics market, not a full-confidence national logistics leader. The combined CBRE / Matthews / Marcus signal supports a supply-reset watchlist: availability improved quarter over quarter and the pipeline is down sharply, while negative CBRE absorption, high year-over-year vacancy, Matthews' large-deal skew caveat, Marcus' five-month lease-up time, and small-bay / sub-50K SF pressure keep the market tenant-validation and basis-discipline gated.

Source: CBRE Las Vegas Industrial Figures Q1 2026 adds a CBRE source-family read for Las Vegas after the Avison Young Q1 2026 page. CBRE reports 181.6M SF of net rentable area, 8.8% vacancy, 12.1% total availability, 1.69M SF of Q1 / YTD absorption, 6.84M SF under construction, 527,000 SF of deliveries, roughly 3.6M SF of leasing activity, and $1.02/SF/month NNN average direct asking rent.

Use implication: Las Vegas belongs in the selective Sun Belt recovery / supply-digestion lane, not a full-confidence logistics-leader lane. CBRE's useful signal is that demand has restarted, but the market is still size- and product-sensitive: under-100K SF vacancy was 5.6%, while 300K-499K SF vacancy was 15.1%, 500K-749K SF vacancy was 14.1%, and bulk distribution vacancy was 14.8%. Apex also drove nearly 60% of CBRE's positive absorption through a single 1.0M SF international beverage lease, so any ranking export should preserve corridor, size-band, product-type, and tenant-event labels.

Source: JLL Las Vegas Industrial Market Dynamics Q1 2026 strengthens that same selective read without promoting Las Vegas into a ranked leader. JLL reports 1.61M SF of Q1 / YTD absorption, 13.7% vacancy, 16.9% availability, 0.0% preleasing, rising concessions, and 60 bps of vacancy compression. The constructive signal is megabox-specific: DHL occupied over 1.0M SF across two North Las Vegas buildings, Pepsi secured a 1.0M SF North Las Vegas facility, 500,000-SF-plus vacancy was 14.6%, and JLL counted only about five comparable available properties. Use implication: Las Vegas remains a supply-digestion / product-size sidecar, with North Las Vegas megabox proof but insufficient broad-market tightness for ranking export.

Source: Cushman & Wakefield Las Vegas Industrial MarketBeat Q1 2026 adds a third table-backed Q1 2026 source family. C&W reports 179.4M SF of inventory, 11.4% overall vacancy, 10.4% direct vacancy, 836,759 SF of Q1 / YTD absorption, nearly 3.0M SF of leasing, 5.35M SF under construction, 1.43M SF of completions, and $1.07/SF/month overall NNN asking rent. Ranking implication: C&W strengthens the evidence that Las Vegas has real leasing and absorption, but high Apex vacancy, negative North Las Vegas absorption, and a still-large construction pipeline keep it in the selective supply-digestion lane.

Source: CBRE Las Vegas Industrial Figures Q2 2026 updates the CBRE sequence with 9.0% vacancy, 12.2% availability, 825,000 SF of Q2 absorption, 2.5M SF YTD absorption, 1.3M SF of Q2 deliveries, and 5.9M SF under construction across 183.6M SF. North Las Vegas led with 600,000 SF of Q2 absorption, but Apex remained 28.2% vacant and Class A vacancy was 14.6%. Ranking implication: the Q2 CBRE row confirms demand amid supply easing, while preserving Las Vegas as a selective product- and corridor-specific sidecar rather than a broad logistics-leader upgrade.

Source: Marcus & Millichap Industrial Outlook May 2026 adds a national product-size and capital-market screen rather than a market rank. The applied rows preserve 7.8% March 2026 national vacancy, an 8.4% year-end vacancy forecast, 200M SF slated for 2026 delivery, a 64% development decline from the 2023 peak, 23.2% e-commerce penetration of core retail sales, 7.2% annual e-commerce sales growth, and cap-rate dispersion from 6.4% for 750K+ SF facilities to 7.3% for 10K-50K SF facilities.

Use implication: this strengthens the readiness page's product-discipline blocker. Small infill and big-box are not moving through the cycle identically, newer post-2020 deliveries remain a loose cohort, and e-commerce demand does not erase tariff, fuel, shipping, trucking, and inventory-cycle risk. The source should influence product gates inside rankings, not substitute for market-level vacancy, absorption, rent, or pipeline tables.

Source: Newmark Dallas-Fort Worth Industrial Market Report 1Q26 strengthens DFW's major-distribution-hub evidence without changing the full-confidence status of the lane. Newmark's public 1Q26 PDF reports 21.0M SF of Q1 leasing, 10.4M SF of Q1 absorption versus 5.7M SF of deliveries, $10.14/SF NNN asking rent, 8.8% vacancy, 31.2M SF under construction, and 40.9% preleasing. The source supports a demand-depth and modern-product thesis, especially for logistics / distribution users and North Fort Worth / East Dallas leasing activity.

Use implication: DFW's liquidity and tenant depth remain real, but the report also preserves the underwriting gate. Vacancy remains above the 20-year average, sublease availability is elevated, and tenant preference for newer Class A product means older and smaller buildings should carry longer lease-up and rent-pressure assumptions.

Source: JLL Dallas-Fort Worth Industrial Market Dynamics Q1 2026 adds a second current DFW source family. JLL reports 6.84M SF of Q1 absorption, 12.2M SF of new leasing, 10.5% vacancy, 13.7% availability, $8.34/SF asking rent, 7.32M SF of Q1 deliveries, 25.1M SF under development, and 26.8% preleasing. The structured import preserves 125 observations across market total, nine submarkets, building type, and size-band slices.

Use implication: JLL corroborates DFW's distribution-hub demand depth, but also explains why DFW cannot be promoted to a generic full-confidence metro-average rank. North Fort Worth, South Dallas, and East Dallas drove positive absorption, while multiple other JLL submarkets were negative. The 1M SF-plus size cohort posted 5.94M SF of absorption and 5.0% vacancy, while sub-200K SF cohorts were negative absorption and double-digit vacancy. That supports DFW's large-box leadership but keeps smaller-box, older-product, and corridor-specific underwriting gates intact.

Source: CBRE Dallas-Fort Worth Industrial Figures Q1 2026 adds another current DFW source family using the visible public HTML figure page. CBRE reports 4.1M SF of Q1 absorption, 18.0M SF of leasing, 10.1% availability, 16.5M SF under construction, 6.8M SF of deliveries, and leasing growth of 3.5% quarter over quarter / 37.4% year over year.

Use implication: CBRE strengthens the DFW demand-depth lane because it lands near C&W on absorption and leasing while preserving a separate availability and pipeline boundary. It does not resolve the full-confidence blocker: Newmark, JLL, C&W, and CBRE all support DFW as a national distribution hub, but they still disagree enough on market boundaries, vacancy / availability, pipeline, and absorption magnitude that rank exports need source-family labels and corridor proof.

Source: Marcus & Millichap Dallas-Fort Worth Industrial Market Report 2Q 2026 adds a later Marcus teaser to the DFW evidence stack. The visible public teaser supports South Dallas and DFW Airport as improving nodes: South Dallas vacancy fell roughly 450 bps year over year to about 7.3%, Google committed to two South Dallas warehouses totaling 2.0M SF, the DFW Airport area reached 10.7% vacancy with average asking rent up roughly 11% to $11.60/SF, and Q1 2026 leasing nearly doubled the prior-year level.

Use implication: this strengthens DFW's major-distribution-hub evidence but does not change the readiness label by itself. The source is teaser-only and still flags Fort Worth-side supply risk, so DFW remains source-family and corridor gated rather than a clean metro-average rank.

Source: JLL Chicago Industrial Market Dynamics Q1 2026 adds current Chicago source-family evidence for the major-distribution-hub lane. JLL reports 14.4M SF of Q1 leasing, 7.21M SF of YTD absorption, 4.7% vacancy, 8.4% availability, $7.85/SF asking rent, 13.4M SF under development, 24.0% preleasing, and 2.64M SF of deliveries. Demand composition is the useful signal: 3PL firms accounted for 4.5M SF and 32% of leasing, Hyundai Translead leased 1.4M SF in the I-80 Corridor, and General Mills / Saddle Creek renewed 2.6M SF in two large I-80 Corridor leases.

Source: CBRE Chicago Industrial Figures Q1 2026 adds a third current Chicago source-family cross-check. CBRE reports 8.6% availability, $9.03/SF net average asking rent, +1.6M SF absorption, 12.4M SF in the construction pipeline, 4.5M SF of Q1 deliveries across 43 projects, 12.9M SF of leasing, 58% BTS share of development activity, and 66% big-box share of pipeline square footage.

Source: Marcus & Millichap Chicago Industrial Market Report 2Q 2026 adds a later Marcus teaser confirmation without changing Chicago's readiness label. It supports the large-bay demand lane with roughly 15% 2025 leased-square-footage growth, Joliet / Bolingbrook / O'Hare demand context, Q1 2026 average lease size above 40,000 SF, and the strongest opening-quarter absorption since 2022. The blocker remains pipeline and product mix: small-bay move-outs, net relinquishment through June 2025, economic uncertainty, and half-unclaimed pipeline as of April keep Chicago high-confidence directionally but still source-family and corridor gated.

Source: Cushman & Wakefield Chicago Industrial MarketBeat Q2 2026 adds the current C&W row: 4.8% vacancy, 5.14M SF of YTD absorption, 21.82M SF of YTD leasing, 13.86M SF under construction, 5.95M SF of completions, and $7.58/SF overall weighted net rent. The row strengthens midyear demand evidence but keeps Chicago methodology- and corridor-gated because 7.2M SF of construction was speculative and several outer corridors were negative on YTD absorption.

Use implication: Chicago's source-family read is tighter than DFW / Houston / Atlanta on vacancy and supports a large-box / 3PL / BTS demand lane, but broker definitions diverge. Keep the major-distribution-hub evidence high-confidence directionally while preserving corridor gates around O'Hare, I-290, I-80, South Suburbs, North Chicago, Kenosha, and Indiana fringe.

Source: JLL Los Angeles Industrial Market Dynamics Q1 2026, Source: Cushman & Wakefield Los Angeles Industrial MarketBeat Q1 2026, and Source: CBRE Los Angeles Industrial Figures Q1 2026 now give the LA basin same-quarter cross-check. C&W reports 802.5M SF inventory, 4.6% vacancy, -2.17M SF absorption, 8.68M SF leasing, 6.2% availability, 4.35M SF under construction, and $1.32/SF/month NNN rent; JLL reports a looser vacancy / availability picture but also negative absorption. CBRE is the more positive visible figure page at +934,025 SF absorption, 5.4% vacancy, 8.1% availability, $1.21/SF/month NNN asking rent, and 1.6M SF of development.

Use implication: LA can remain in the high-barrier infill / coastal gateway evidence set, but not as a broad near-term recovery call. CBRE improves the absorption balance, but broker definitions diverge and the public CBRE page lacks submarket detail. The source-family evidence supports corridor-level underwriting: LA West stays scarce and high-rent, LA South has the highest C&W vacancy but the largest C&W leasing volume, and LA Central remains the scale/liquidity node.

Source: Marcus & Millichap Seattle-Tacoma Industrial Market Report 2Q 2026 adds a later Seattle-Tacoma teaser row to the Pacific Northwest comparator set. It supports the existing caution rather than a rank upgrade: small-bay leasing was relatively consistent but vacancy kept rising, 50,000-200,000 SF demand weakened in early 2026, 200,000+ SF leasing momentum tapered after a modest 2025 rebound, and NWSA container throughput trailed year-ago levels because imports declined.

Source: CBRE Puget Sound Industrial Figures Q2 2026 adds table-backed midyear evidence to the same comparator: 11.7% vacancy, 13.4% availability, -377,000 SF Q2 absorption, 1.76M SF deliveries, 1.73M SF under construction, and $1.15/SF/month asking rent. The Eastside/Tacoma split keeps Seattle-Tacoma in the infrastructure-backed but tenant-proof-sensitive tier.

C&W's Q2 Seattle Industrial MarketBeat adds a current source-family counterpoint without changing the rank posture: 9.4% vacancy, +776,233 SF Q2 absorption, +438,398 SF YTD absorption, $1.04/SF/month weighted-net rent, and just under 1.8M SF under construction. Because the report attributes much of absorption to Amazon's Frederickson owner/user transaction and says renewals dominated larger requirements, Seattle remains infrastructure-backed recovery-watch rather than full-confidence industrial export.

Source: Cushman & Wakefield Portland Industrial MarketBeat Q1 2026 seeds a Portland comparator to the existing Seattle industrial evidence. C&W reports 233.8M SF of Portland inventory, 6.5% vacancy, 7.4% availability, +114,577 SF absorption, 1.48M SF leasing, 2.63M SF under construction, and $0.92/SF/month NNN rent.

Source: CBRE Portland Industrial Figures Q1 2026 adds a second-source cross-check with a somewhat looser but demand-positive read: 7.6% vacancy, 2.2M SF of leasing, 3.0M SF of active tenant requirements, 3.1M SF under construction, approximately $170M of industrial sales, and sale values near $170/SF. CBRE also highlights large-format logistics activity, including a 1.2M SF Mid I-5 Industrial Park lease.

Source: Marcus & Millichap Portland Industrial Market Report 2Q 2026 adds a later Portland teaser overlay rather than a full table. Marcus reports a roughly 12% 2025 Port of Portland cargo-volume decline, a positive 2025 net-absorption turn after 2023-2024 weakness, occupied-stock gains in northeast / northwest / Clark County, and weaker southeast / I-5 Corridor conditions. Terminal 6's January 2026 private-operator transition is a possible tailwind, but the source also preserves subdued-hiring and geopolitical-risk caveats.

Source: JLL Portland Industrial Market Dynamics Q1 2026 adds the JLL table-backed overlay. JLL reports -288,438 SF of YTD absorption, 7.9% vacancy, 12.5% availability, 2.51M SF under development, 0.0% preleasing, 121,340 SF of YTD deliveries, and rising concessions. The demand support is preliminary leasing volume near 2.0M SF, up 17.7% QoQ, plus named longer-term commitments from Novolex and Fanatics; the rank blocker is still supply-side pressure, near-term available deliveries, and tenant leverage.

Source: Cushman & Wakefield Portland Industrial MarketBeat Q2 2026 adds a current source-family check without changing the rank posture: 6.5% vacancy, 8.4% availability, -188,274 SF of current-quarter table absorption, +149,853 SF YTD absorption, 2.27M SF of YTD leasing, 3.43M SF under construction, and $0.91/SF/month NNN rent. The narrative calls quarterly absorption positive, but the table is negative; retain that discrepancy and the Northwest / Vancouver / Tualatin-Sherwood dispersion. Portland remains a gradual-rebalancing, lower-cost Pacific Northwest alternative rather than a full-confidence logistics leader.

Use implication: Portland can be used as a lower-cost Pacific Northwest industrial alternative, not a same-rank Seattle substitute. Seattle-Tacoma remains the deeper port/I-5 infrastructure lane, while Portland is a gradual-rebalancing / Terminal 6 watchlist. Marcus, JLL, C&W, CBRE, and Kidder Mathews all keep the broader Pacific Northwest rank caveated by vacancy, imports, freight shocks, speculative supply, sublease, concession, and source-definition risk. Keep the I-5 large-format logistics lane separate from broad-market recovery claims.

Source: Cushman & Wakefield Reno Industrial MarketBeat Q1 2026 adds a Mountain West logistics / manufacturing comparator row. C&W reports 129.2M SF of Reno inventory, 13.4% vacancy, +710,619 SF absorption, 2.15M SF leasing, 353,487 SF under construction, 649,240 SF of completions, and $0.81/SF/month NNN rent. Storey County / TRIC and South Reno drove the positive absorption, while Sparks and North Valleys were the main drag rows.

Use implication: Reno can remain a watchlist logistics / manufacturing node, not a full major-distribution-hub rank. The source-family evidence supports node-specific conviction around Tahoe Reno Industrial Center and Storey County and industrial-adjacent South Reno, but elevated market vacancy still demands tenant, basis, and submarket discipline.

Source: Matthews Northern Colorado Industrial Market Report Q1 2026 adds a current Matthews / CoStar product-slice row for the northern Front Range. The source reports 9.5% vacancy, $14.30/SF asking rent, 2.0% rent growth, $132.5M of sales volume, $140/SF sale pricing, 8.4 months on market, 6.0 months to lease, 20,640 SF of starts, and 446,965 SF under construction for 5K-200K SF industrial and flex assets.

Use implication: Northern Colorado can be tracked as a Mountain West small-/mid-bay and flex comparator, especially where functional product under 50,000 SF and replacement-cost constraints matter. It does not upgrade Denver or the Mountain West into a full-confidence logistics rank because the source is not a whole-market absorption / inventory / delivery table, and vacancy plus lease-up timelines remain elevated.

Source: Matthews Denver CO Industrial Market Report Q1 2026 adds the Denver counterpart to the Northern Colorado Matthews / CoStar slice. The source reports $348.0M of Q1 sales volume, roughly 88% sales-volume growth, 3.2% sales-price growth, 7.2 months on market, 9.1% vacancy, $11.41/SF asking rent, roughly -2% rent movement, 6.6 months to lease, 774,867 SF of starts, and 1.57M SF under construction for 5K-200K SF industrial and flex assets.

Use implication: Denver remains a Mountain West recovery / supply-reset market, not a full-confidence logistics leader. Matthews improves the capital-liquidity read, but the same source shows higher vacancy, slower leasing, and tenant leverage. Preserve the 5K-200K SF product slice before comparing it with C&W and CBRE whole-market Denver rows.

Source: Matthews Colorado Springs CO Industrial Market Report Q1 2026 adds a Colorado Springs source-family row to the Mountain West small-/mid-bay comparator set. The source reports roughly $41.0M of Q1 sales volume, nearly double Q1 2025, $183/SF pricing, 6.3 months on market, 5.7% vacancy, $12.72/SF asking rent, 14% rent growth, 4.1 months to lease, 17,000 SF of starts, and 573,503 SF under construction for 5K-200K SF industrial/flex assets.

Use implication: Colorado Springs can be tracked as a tighter secondary Mountain West functional-industrial lane than Denver, especially for small-/mid-bay product where Matthews reports only 46,250 SF under construction. It does not become a full-confidence national rank because the source is product-slice evidence, not a broad submarket absorption / inventory / delivery table.

Source: Cushman & Wakefield Sacramento Industrial MarketBeat Q1 2026 adds a Northern California inland comparator distinct from coastal infill, Inland Empire port-gateway, and Stockton / Northern San Joaquin logistics. C&W reports 149.5M SF of Sacramento inventory, 7.0% vacancy, -1.56M SF absorption, 946,684 SF under construction, no Q1 completions, and $0.80/SF/month NNN rent.

Source: CBRE Sacramento Industrial Figures Q1 2026 confirms the same cautious Sacramento lane from a second source family: 6.1% vacancy, -852,000 SF absorption, and $0.83/SF/month NNN asking rent. This supports Sacramento as a cost-advantaged Northern California logistics comparator, not a clean high-rank demand market.

Source: Colliers Northern California Industrial Market Report Q1 2026 broadens that read to the Northern California region. Colliers reports -1.6M SF of regional absorption, 7.4% vacancy, $14.47/SF NNN asking rent, $638.3M of sales volume, and Central Valley occupancy growth of 869K SF. It reinforces the split between Sacramento drag, Central Valley growth, and coastal / infill resilience rather than upgrading the region into a full-confidence national logistics leader.

Source: Marcus & Millichap Sacramento Industrial Market Report 2Q 2026 adds a later low-vacancy / supply-pullback overlay. Marcus says Sacramento was the West Coast's least vacant industrial market, with low-7% March 2026 vacancy still more than 200 bps below its long-term mean, after roughly 3M SF of average annual additions during each of the prior five years. The teaser also says less than 300,000 SF was slated for addition in 2026 and ties North Natomas future supply to Sacramento International Airport cargo growth.

Source: JLL Sacramento Industrial Market Dynamics Q1 2026 adds a higher-vacancy JLL source-family row to the same cross-check. JLL reports -986,296 SF of absorption, 10.5% vacancy, 12.8% availability, 1.49M SF under development, 87.9% preleasing, zero YTD deliveries, $0.80/SF source-labeled asking rent, and rising concessions. It also says leasing volume dipped below 500,000 SF and activity was concentrated among a limited number of tenants despite named West Sacramento / Woodland deals.

Use implication: Sacramento belongs in the basis-sensitive regional logistics watchlist, not a national leader lane. The Marcus row improves the setup because near-term supply pressure is receding and airport cargo is growing, but the C&W / CBRE / Colliers / JLL negative-absorption evidence remains important. Keep West Sacramento, Metro Air Park, North Natomas / Airport South, Power Inn, McClellan, Davis / Woodland, and Elk Grove as separate underwriting nodes before comparing Sacramento to Reno, Stockton, Portland, or the Inland Empire.

Source: Cushman & Wakefield Phoenix Industrial MarketBeat Q1 2026 adds a C&W local source-family row for a major Sun Belt logistics market. C&W reports 448.0M SF of Phoenix inventory, 12.0% vacancy, +3.03M SF absorption, 7.32M SF leasing, 10.36M SF under construction, 1.38M SF of completions, and $1.09/SF/month NNN rent. Southwest Valley drove the recovery with +3.24M SF absorption and 4.69M SF leasing.

Source: CBRE Phoenix Industrial Figures Q1 2026 reinforces that recovery direction from a narrower official CBRE HTML read: 4.9M SF of Q1 absorption, 10.2% vacancy after 80 bps of compression, 1.4M SF of deliveries, and $1.06/SF/month NNN asking rent.

Source: Matthews Phoenix AZ Industrial Market Report Q1 2026 adds the Matthews / CoStar cross-check: 11.4% vacancy, 6.2M SF of Q1 absorption, $13.02/SF annual asking rent, 4.2% rent growth, 21.4M SF under construction, 1.7M SF delivered, $1.1B of sales volume, $187/SF pricing, and a 6.6% cap rate.

Source: JLL Phoenix Industrial Market Dynamics Q1 2026 adds the JLL local row: 6.87M SF of Q1 / YTD absorption, 11.1% vacancy, 14.7% availability, $0.99/SF/month asking rent, 2.09M SF delivered, 16.4M SF under development, 34.4% preleasing, and stable concessions. JLL strengthens the West Valley large-box demand read with more than 2.2M SF of global e-commerce absorption and more than 1.6M SF of global-logistics leasing, while also flagging that smaller and mid-bay configurations account for a larger share of current availability.

Source: CBRE Phoenix Industrial Figures Q2 2026 adds current table-grade support for the same ranking posture: 4.66M SF of Q2 absorption, 9.70M SF YTD absorption, 9.6% vacancy, 11.5% availability, and 18.44M SF under construction. The source confirms Phoenix demand depth and Southwest Valley leadership, but its large pipeline and source-defined universe preserve the corridor-selection and tenant-validation gates.

Source: Marcus & Millichap Phoenix Industrial Market Report 2Q 2026 adds a 2Q teaser confirmation for the same Phoenix large-box lane. Marcus says 250,000+ SF vacancy fell more than 500 bps to below 12%, large-user leasing rose to at least 25 deals from 11 a year earlier, and I-10 / Loop 303 plus southeast high-tech industrial nodes improved. Treat it as source-scoped evidence behind Phoenix's recovery-readiness label, not as a full-rank upgrade without normalized table metrics.

Use implication: Phoenix remains a high-importance recovery / supply-normalization market, not a full-confidence generic overweight. C&W supports the Southwest Valley large-format demand lane, CBRE confirms the absorption / vacancy-compression direction, Matthews confirms active capital interest and a large pipeline, and JLL adds the clearest large-box / West Valley tenant-composition evidence. But Airport negative absorption, Southeast Valley's 16.8% C&W vacancy, still-large construction inventory, rent-basis differences, mid-bay digestion, and the Matthews narrative-versus-panel mismatch keep the readiness label corridor-caveated.

Source: JLL Inland Empire Industrial Market Dynamics Q1 2026, Source: CBRE Inland Empire Industrial Figures Q1 2026, and Source: Cushman & Wakefield Inland Empire Industrial MarketBeat Q1 2026 now give the Inland Empire same-quarter stress-and-demand pattern from three source families. C&W reports the broadest caution row: 655.8M SF inventory, 8.5% vacancy, -3.37M SF absorption, 12.51M SF leasing, 11.9% availability, 3.34M SF under construction, and $1.02/SF/month NNN rent.

Use implication: the IE remains the port-gateway pricing benchmark, but the readiness label should stay source-family-caveated. The shared signal is not near-term landlord strength; it is that leasing demand remains active while 1M SF-plus move-outs and post-2022 supply normalization keep absorption and rent under pressure. Preserve broker boundaries before comparing IE to DFW, Houston, Chicago, or Savannah.

Source: Partners Houston Industrial Q1 2026 Quarterly Market Report strengthens Houston's major-distribution-hub evidence without changing the lane's full-confidence status. Partners' public Q1 2026 PDF reports an 800.5M SF market universe, 7.5% vacancy, 10.3% availability, 3.7M SF of Q1 absorption, 9.3M SF of leasing activity, 4.7M SF of deliveries, 27.9M SF under construction, $0.87/SF/month NNN asking rent, and a 7.0% average cap rate for Q1 Industrial and Flex sales.

Use implication: Houston has enough demand depth to remain in the major-distribution-hub lane, but the source does not make the market a generic overweight. Southwest screened strongest on absorption and rent, Northwest carried the largest construction row, and Southeast was negative absorption with a large pipeline. The source should tighten Houston's evidence base while keeping the underwriting rule unchanged: corridor, building function, tenant credit, and supply timing decide the deal.

Source: JLL Houston Industrial Market Dynamics Q1 2026 adds a second current Houston source family. JLL reports 4.6M SF of Q1 absorption / occupancy gains, 8.2M SF of leasing, three leases above 500K SF, 1.4M SF of owner-user acquisitions, 21.8M SF under development, 23.6% preleasing, 6.3M SF of deliveries, 7.0% vacancy, 12.0% availability, and $0.65/SF asking rent.

Use implication: JLL corroborates Houston demand depth and adds demand-composition evidence: data-center support users, advanced manufacturing, owner-user acquisitions, and new-to-Houston companies all contributed to Q1 activity. It still does not upgrade Houston to generic full-confidence distribution-hub overweight because the report is market-total only and the rent basis differs from Partners. Keep corridor, port / Ship Channel exposure, flood / drainage, building function, and supply timing as the live deal-level gates.

Source: Cushman & Wakefield Houston Industrial MarketBeat Q1 2026 adds a C&W Q1 continuation row to the Houston distribution-hub evidence. C&W reports 603.8M SF of inventory, 5.9% vacancy, +4.89M SF of absorption, nearly 7.8M SF of leasing, 24.34M SF under construction, 4.86M SF of completions, and $7.67/SF/year NNN asking rent. Southwest, Northwest, Southeast, and West all posted positive absorption, while the pipeline was 82.2% speculative.

Source: Cushman & Wakefield Houston Industrial MarketBeat Q2 2026 adds a current C&W source-family row: 613.6M SF of inventory, 6.3% vacancy, 6.68M SF of Q2 absorption, 11.89M SF of YTD absorption, 23.0M SF under construction, 14.34M SF of YTD completions, and $7.87/SF overall asking rent. The evidence strengthens Houston's current demand depth but does not remove the rank gates: more than 93% of construction was speculative, vacancy rose QOQ, and broker universes / rent bases differ.

Use implication: Houston's major-distribution-hub lane gets stronger, but the readiness label remains source-family-caveated. C&W supports demand depth and stable vacancy, while the speculative pipeline and port / energy / flood / corridor differences still prevent a generic metro-average overweight.

Source: Partners Atlanta Industrial Q1 2026 Quarterly Market Report strengthens Atlanta's major-distribution-hub evidence without changing the lane's full-confidence status. Partners' public Q1 2026 PDF reports an 897.3M SF market universe, 8.7% vacancy, 12.1% availability, 4.1M SF of Q1 absorption, 9.5M SF of leasing activity, 2.2M SF of deliveries, 17.0M SF under construction, $8.81/SF NNN asking rent, and $1.1B of Q1 sales volume.

Use implication: Atlanta has a stronger current-demand floor than the older Q4 2025 rebalancing read implied, and the source corroborates Lee's Q1 2026 recovery direction. It still should not become a generic overweight. I-85 North was the clearest demand leader, I-75 North was negative absorption, Airport/South Atlanta carried elevated availability, and the Partners rent basis needs source-family labeling. The market remains investable by corridor, product, and building function rather than by metro average.

Source: JLL Atlanta Industrial Market Dynamics Q1 2026 adds another current Atlanta source family. JLL reports 3.77M SF of Q1 absorption, 13.5M SF under development, 49.8% preleasing, 1.39M SF of deliveries, 9.2% vacancy, 13.5% availability, and $7.28/SF asking rent. The report also preserves demand and pipeline composition: two 1M SF-plus move-ins, 16 speculative Q1 groundbreakings totaling about 2.6M SF, just under 60% of the pipeline speculative, and more than 60M SF of active requirements entering Q2.

Use implication: JLL supports Atlanta large-block demand, but it also reinforces why the market stays source-family-caveated. Vacancy and availability remain above five-year averages, all Q1 starts were speculative, and the page lacks submarket rows. Use it to strengthen the large-format logistics read, not to flatten Atlanta into a full-confidence metro-average rank.

Source: Cushman & Wakefield Atlanta Industrial MarketBeat Q1 2026 adds the C&W Q1 continuation row for Atlanta. C&W reports 783.3M SF of inventory, 8.5% vacancy, 2.96M SF of absorption, 7.9M SF of new leasing, 8.21M SF under construction, 1.35M SF of completions, and $7.22/SF/year warehouse / distribution weighted net rent. The source also preserves owner-user purchases above 3.0M SF, 3.7M SF of renewals, and 40.8% of leasing in buildings delivered since 2020 or still under construction.

Use implication: C&W strengthens Atlanta's major-distribution-hub demand floor, especially around I-85 North, but does not remove the ranking caveat. I-75 South / Henry County had both the highest vacancy and the largest pipeline / completion row, while I-75 North remained negative absorption. Keep Atlanta as corridor- and source-family-caveated across Lee, Partners, JLL, and C&W rather than exporting a single blended metro metric.

Source: Matthews Atlanta GA Industrial Market Report Q1 2026 adds the Matthews / CoStar source-family row for Atlanta. Matthews reports 8.0% vacancy, 3.6M SF of Q1 absorption, $9.99/SF asking rent, 2.4% rent growth, 22.9M SF under construction, 3.1M SF delivered, $1.4B of sales volume, $127/SF pricing, and a 6.5% cap rate. The report also identifies IT, logistics, life sciences, and professional services as demand drivers and says infill / smaller-format assets near population centers are holding up better than large logistics in heavily developed corridors.

Use implication: Matthews supports Atlanta's inclusion in the major distribution-hub lane and adds a capital-markets row, but it does not upgrade Atlanta to a full-confidence metro-average rank. The source's own narrative and panel differ slightly on vacancy, absorption, rent, and pipeline, and the market still needs corridor proof before export.

Source: Colliers Atlanta Industrial Market Report Q1 2026 confirms a Colliers local Q1 2026 Atlanta industrial report, but the preserved public landing page does not expose numeric market tables and the report download returned HTTP 403 to the command-line harvester. Treat it as a source-family coverage marker and recovery target, not as ranking evidence.

Use implication: no ranking upgrade. The existing Atlanta lane still rests on Lee, Partners, JLL, C&W, Matthews / CoStar, and Newmark table-grade rows; Colliers Atlanta should be revisited only if the full report can be downloaded and extracted.

Source: Marcus & Millichap 2026 U.S. Industrial Investment Outlook Midyear preserves the official upstream landing page for the midyear report behind the DFW / Bisnow summary. The visible page supports broad sorting-cycle language: development is slowing, investment-sales activity is improving unevenly, and industrial outlooks vary by floor plan, vintage, local construction activity, infrastructure, labor, and tenant supply-chain exposure. It also confirms that the full report is framed around 36-market supply / demand forecasts plus IOS and data-center trend updates.

Use implication: keep the DFW No. 3 rank and market_observations.id=21100-21106 source-scoped to Source: DFW Industrial No. 3 Marcus & Millichap 2026. The official Marcus teaser strengthens provenance around the report's existence and theme, but it does not expose the National Industrial Index table, DFW rank, market-level forecasts, or table-grade metrics needed to upgrade the major distribution-hub lane.

The Q1 2026 NYC outer-borough public-source package narrows the high-barrier infill blocker but does not eliminate it. NYC outer boroughs now have source-specific structured observations: Colliers reports 10.2% availability, $27.64/SF asking rent, -339,112 SF net absorption, and only 190,560 SF under construction; CBRE reports 677,000 SF of Q1 leasing activity; Cushman & Wakefield reports 6.8% vacancy. Northern New Jersey, by contrast, is preserved through C&W New Jersey rows with broader market and submarket evidence, including Meadowlands / Exit 8A absorption.

Source: CBRE Long Island Industrial Figures Q1 2026 adds the suburban Long Island boundary check: -220,000 SF Q1 absorption, 7.7% vacancy after a 40 bps QoQ increase, 137,000 SF of newly delivered unleased space, and $18.58/SF asking rent. It is useful spillover evidence, but it is not a five-borough infill or Northern NJ Turnpike metric.

Source: Marcus & Millichap New York Industrial Market Report 2Q 2026 adds the later New York teaser overlay. It helps the directional high-barrier infill case where product is sub-50,000 SF, single-story, and functionally loaded, but it also warns that Q1 2026 metrowide vacancy was near 9%, 2020s-built properties remained more than 35% vacant, Bronx vacancy was above 13%, and new multi-story Queens / Bronx logistics still faced upper-floor demand limits.

Source: Marcus & Millichap Northern New Jersey Industrial Market Report 2Q 2026 adds the adjacent Northern NJ teaser overlay. It supports the Turnpike / Newark Liberty / Meadowlands infill-distribution lane with Bergen / Essex vacancy below 7% as of March 2026, but it also keeps the lane source- and node-labeled because Hudson / Union / Bayonne older nodes were around 8% and Morris County was near 10% amid weaker manufacturing demand.

Ranking implication: treat NYC outer boroughs as the last-mile / urban-infill node, Northern New Jersey as the bulk / port / Turnpike release-valve node, and Long Island as a separate suburban spillover lane. The broader region supports high-barrier infill allocation, but the combined lane remains source-family-caveated because availability, vacancy, rent, and submarket definitions are not normalized.

Calibration result: the Northern NJ / NYC Metro lane is now high-confidence directionally, but not a full-confidence single metric rank. For ranking language, say that the region supports high-barrier infill allocation; for underwriting or export, carry the NYC outer-borough, Northern NJ, and Long Island labels separately.

Source: JLL Boston Industrial Market Dynamics Q1 2026 replaces the prior secondary Bisnow/JLL summary with a primary JLL source-family row. JLL reports 1.28M SF of absorption, 2.8M SF of leasing, 21M SF of demand, 8.1% vacancy, 10.4% availability, $15.21/SF rent, 3.76M SF under development, and 83.1% preleasing. Source: CBRE Boston Metro Industrial Figures Q1 2026 adds a separate demand-positive source-family read: approximately 3.33M SF of total transactions, 63% new-lease share, +808,966 SF absorption, and a return to positive absorption after three negative quarters. Both demand-positive rows conflict with C&W's more cautious Q1 2026 absorption / vacancy picture.

Source: Marcus & Millichap Boston Industrial Market Report 2Q 2026 adds a later teaser-level stabilization row, but it does not clear Boston for rank export. Marcus says vacancy and rent should stabilize further in 2026 and Q1 leasing improved from prior-year levels; the blockers are that 2025 still produced the highest net space relinquishment since 2004, Route 128 was pressured by mid-box / flex inventory, and Route 495 remains tied to big-box and manufacturing-cycle performance.

Source: Cushman & Wakefield Boston Industrial MarketBeat Q2 2026 adds a current table-backed C&W row: 12.4% vacancy, -1.07M SF of YTD absorption, 4.15M SF of YTD leasing, 2.75M SF under construction, 1.50M SF of completions, and $15.96/SF overall weighted net rent. It improves current evidence but does not reconcile the C&W / JLL / CBRE source-family spread, so Boston remains a methodology-caveated, node-specific lane rather than a ranked broad-market overweight.

Use implication: Boston remains a gateway / New England endpoint logistics market rather than a scale Sun Belt distribution lane. JLL improves the demand-momentum signal and closes the primary-source gap, but rising concessions, 957,000 SF of vacant speculative deliveries, rents down 2% year over year, and source-family conflict with C&W keep Boston as a high-basis, node-specific last-mile / cold-storage / I-495 underwriting case, not a broad industrial overweight.

The current structured peer set now supports one narrow full-confidence industrial promotion: Indianapolis leads the C&W same-source Tier 2 current operating-momentum lane, with Q2 2026 updating the local row to 6.0% vacancy, 7.76M SF YTD absorption, $6.31/SF/year rent, and 6.47M SF under construction. It still does not support a full-confidence rerank of the whole Tier 2 strategic board. Nashville and Greenville-Spartanburg have stronger corridor narratives and leader status, Savannah is a port/BTS enclave rather than a clean whole-market rank, Charlotte has broader logistics depth but heavier supply and source-family/product-slice spread, Kansas City remains a strong candidate, and Memphis is now a better-structured basis/function candidate. See Source: Cushman & Wakefield Indianapolis Industrial MarketBeat Q2 2026.

The expanded C&W U.S. Industrial MarketBeat Q1 2026 source closes the prior source-family blocker for one narrow lane because it gives the same fields for the same period across the Tier 2 peer set: vacancy, net absorption, leasing activity excluding renewals, overall asking rent, inventory, deliveries, and under-construction inventory. A transparent score across lower vacancy, higher absorption-to-inventory, higher leasing-to-inventory, lower under-construction-to-inventory, lower deliveries-to-inventory, higher year-over-year rent growth, and rent level as a half-weight tie-breaker ranks Indianapolis first. The broader 83-market C&W table is useful for screening and cross-checking, but it does not by itself create a broad strategic industrial ranking.

Source: Marcus & Millichap Indianapolis Industrial Market Report 2Q 2026 adds a later source-family corroboration for Indianapolis, not a broader strategic rank upgrade. Marcus reports the sharpest major-market vacancy decline over the year ended March 2026, down 200 bps to 7.3%, and says post-2020 building vacancy fell more than 1,200 bps to about 11%. It also confirms the gating split: East / South remained above 10% vacancy, Boone / Hendricks dropped below 4%, and within-I-465 product still faced modest pressure.

Source: JLL Indianapolis Industrial Market Dynamics Q1 2026 adds a JLL source-family check to that same Indianapolis lane: 3.89M SF of Q1 / YTD absorption, 7.1% vacancy, 8.0% availability, $5.92/SF asking rent, 3.97M SF under development, 83.9% preleasing, and 630,345 SF of deliveries. It strengthens first-generation demand evidence because 92% of Q1 absorption occurred in first-generation build-to-suit or speculative product, but it does not erase the broader strategic blocker because JLL also says three speculative projects started in Q1 and more were expected in Q2.

Kansas City and Indianapolis are now structured Tier 2 candidate peers, but only Indianapolis clears a narrow full-confidence lane: current operating momentum under the C&W Q1 2026 same-source national table. Kansas City has applied Q1 2026 C&W / Newmark Zimmer observations for low vacancy, positive absorption, rent, leasing, and a BTS/spec pipeline split, and Source: CBRE Kansas City Industrial Figures Q1 2026 adds a separate CBRE read with 1.7M SF absorption, 4.6% vacancy, 498,715 SF of deliveries, and $5.49/SF NNN asking rent. The CBRE source strengthens the candidate case without changing the rank because rent declined year over year and the public HTML page does not normalize submarket, product, tenant, or pipeline dispersion. Kansas City and Indianapolis should still sit beside the broader ranked Tier 2 board until BTS/spec mix, tenant durability, and submarket dispersion are normalized against Nashville, Greenville-Spartanburg, Savannah, and Charlotte.

Memphis should remain a structured function-first / basis-disciplined candidate rather than a ranked Tier 2 peer. The Q1 2026 C&W / Commercial Advisors evidence now supports market vacancy, absorption, rent, leasing, zero completions, named tenant / sale activity, and submarket rows. Source: CBRE Memphis Industrial Figures Q1 2026 adds a separate recovery cross-check with 863,000 SF of Q1 2026 absorption after 4.8M SF in Q4 2025, 6.0% vacancy, 10.0% availability, and $4.59/SF asking rent. The CBRE read strengthens the recovery case, but DeSoto / Marshall vacancy, Marshall County pipeline concentration, low rent structure, and macro-rate sensitivity still cap the promotion case.

St. Louis is a cautionary sidecar rather than a ranked Tier 2 candidate. Source: JLL St. Louis Industrial Market Dynamics Q1 2026 reports -1.75M SF of Q1 / YTD absorption, -1.12M SF direct absorption, 6.3% vacancy, 9.3% availability, 94.4% preleasing, zero deliveries, and named Class A leases in North County and St. Charles County. That supports a lower-basis / tenant-proof underwriting screen, not a ranking promotion, because the same source attributes weakness to large move-outs concentrated in Metro East North.

Raleigh-Durham remains a specialized research-economy / advanced-manufacturing sidecar, not a ranked Tier 2 logistics candidate. Source: JLL Raleigh-Durham Industrial Market Dynamics Q1 2026 reports 168,590 SF of Q1 / YTD absorption, 9.2% vacancy, 12.1% availability, 45.7% preleasing, 828,590 SF of deliveries, and effectively absent 500,000 SF-plus options. That improves the product-specific evidence for large-user build-to-suit and utility-ready-site demand, but it does not clear the broader ranking gate because the same Raleigh-Durham stack still carries CBRE / C&W supply-watch evidence, availability pressure, and utility constraints.

Charleston remains a supply-reset / coastal-risk sidecar, not a ranked Tier 2 logistics candidate. Source: JLL Charleston Industrial Market Dynamics Q1 2026 reports 53,784 SF of Q1 / YTD absorption, 22.3% vacancy, 21.0% availability, 1.12M SF of deliveries, 53.9% preleasing, and a one-million-SF Charleston Trade Center sublease. That improves the large-format demand evidence, but it also reinforces the ranking blocker because CBRE, Colliers, C&W, and JLL still show elevated vacancy, source-family spread, concessions, and port / coastal / supply-risk caveats.

The June 16, 2026 C&W same-source update changes only one conclusion: Indianapolis can be called the full-confidence current operating-momentum leader. Kansas City remains a structured peer candidate, and the broader strategic board remains lane-labeled.

This table is the first side-by-side calibration pass across the ranked Tier 2 leaders and the newer structured candidates. It is intentionally source-labeled rather than mechanically scored, because the rows mix Q4 2025 and Q1 2026 periods and different broker definitions.

Calibration implication: current evidence now justifies a full-confidence single-source operating-momentum rank, led by Indianapolis, but not a full-confidence strategic Tier 2 rerank. Nashville remains the tight-vacancy / rent leader, Greenville-Spartanburg remains the best manufacturing-corridor leader with Cherokee / Greer / Spartanburg caveats, Savannah remains a port/BTS enclave rather than a whole-market leader, Charlotte remains a broad logistics peer with supply dispersion, and Kansas City / Memphis remain credible structured candidates.

The Tier 2 board is closest to a full-confidence industrial ranking. The C&W Q1 2026 national peer table now clears the evidence-shape requirement for the narrow current operating-momentum lane, but the broader strategic board still fails the cross-asset full-confidence standard because lane quality, submarket dispersion, tenant durability, and product-basis risk are not yet scored in one repeatable model. The current state is:

This table normalizes the current Q1 2026 evidence into rank-risk axes without creating a false blended score. The ranking implication is source-labeled: a market can lead a lane because its risk is underwritten and bounded, not because every metric is strictly better than every peer.

Risk-axis result: the C&W same-source table supports one promotion, not a broad rerank. Indianapolis is the full-confidence current operating-momentum leader; Nashville and Greenville-Spartanburg still have the cleanest strategic leader cases in their respective tight-vacancy/rent and manufacturing-corridor lanes; Savannah and Charlotte stay ranked but lane-labeled; Kansas City and Memphis remain structured candidates. The remaining blocker for a broad full-confidence export is qualitative risk scoring across product basis, tenant durability, submarket dispersion, and pipeline composition.

CBRE's Q1 2026 Greenville-Spartanburg Figures page strengthens the local cross-check behind that lane label. CBRE shows 1.9M SF of net absorption, more than 3.8M SF of new leasing, 6.3% vacancy, 10.0% availability, 2.2M SF of completions, 2.4M SF under construction, and $6.19/SF asking rent. The new evidence supports manufacturing-corridor leader status, but it also reinforces why the rank language must stay source-family and geography labeled: CBRE highlights Spartanburg West's 3.5M SF of positive net leasing, while C&W's local table flags Cherokee / Greer / Spartanburg dispersion.

1. Keep Northern NJ / NYC outer-borough export language source-family labeled; the side-by-side table now exists, but full-confidence still requires a normalized combined metro definition rather than averaging Colliers availability, C&W vacancy, CBRE leasing, and New Jersey submarket rows.
2. Keep the C&W same-source operating-momentum score separate from the broader strategic Tier 2 board; Indianapolis leads the former, while Nashville / Greenville-Spartanburg remain the cleaner strategic leaders by lane.
3. For Kansas City and Indianapolis, preserve submarket / tenant / pipeline follow-up evidence that can test whether they should move from structured Tier 2 peer candidates into the broader ranked Tier 2 board.
4. Convert the Q1 2026 Tier 2 risk-axis table into a broader formal score only after qualitative risk fields can be normalized: Nashville speculative-pipeline share, Greenville-Spartanburg Cherokee / Greer / Spartanburg dispersion, Savannah port/BTS enclave status, Charlotte source-family / supply dispersion, Kansas City BTS/spec mix, Indianapolis East-vs-Northwest split, and Memphis DeSoto / Marshall risk.
5. Reconcile Laredo / McAllen cross-border evidence and separate border-crossing demand from ordinary warehouse vacancy.
6. Build a parcel / utility evidence standard for Northern Virginia powered-land and other industrial-adjacent data-center competition nodes.
7. Create a cold-storage evidence lane only after source-backed vacancy, rent, pipeline, tenant, and power requirements are available.

The C&W Q2 2026 Miami report improves Miami's submarket-level evidence readiness with 13 geographies and 108 public/API-safe observations. It supports a structured, node-selective candidate lane rather than a blended metro ranking: vacancy was 6.3%, YTD absorption 261,701 SF, the active pipeline approximately 2.5M SF with roughly 11% preleased, and weighted net asking rent $15.73/SF/year. Preserve the C&W universe and product definitions when comparing against other broker families.

The C&W Q2 2026 Boise report improves source-family readiness for a Mountain West secondary-market comparator with 15 geographies and 156 public/API-safe observations. It supports a selective, corridor-specific operating lane: the market total was 9.6% vacant with negative Q2 absorption, 327,687 SF of YTD absorption, 1.43M SF of leasing, 7.41M SF under construction, and $0.90/SF/month NNN weighted net asking rent. Airport, Nampa, and Caldwell carry meaningful vacancy / pipeline risk; tighter Southeast Boise, Southwest Boise, and West Boise rows prevent a single metro-wide conclusion. Boise is not promoted into the broad Tier 2 rank board from this source alone.

• National Industrial Capital Allocation 2026 - ranked child boards and allocation framework.
• National Industrial Market Deep Dives - benchmark evidence for Inland Empire, Chicago, Savannah, Nashville, and Cleveland.
• Industrial Innovation and Occupier Sentiment 2026 - occupier demand and capital-markets signal memo.
• Texas Industrial Cross-Metro Comparison - Texas-specific DFW / Houston / Austin / San Antonio comparison.
• Industrial Hub - canonical industrial branch router.
• Source: Indianapolis Industrial Q1 2026 Public Reports - applied CBRE / Colliers Indianapolis public evidence for absorption, vacancy, rent, leasing, submarket split, and spec-pipeline slowdown.
• Source: Cushman & Wakefield Indianapolis Industrial MarketBeat Q1 2026 - local C&W Indianapolis industrial table with applied market-total, submarket, product-type, economy, leasing, and pipeline observations that reinforce the narrow same-source operating-momentum lane while preserving submarket / product dispersion caveats.
• Source: Cushman & Wakefield Boise Industrial MarketBeat Q2 2026 - local C&W Boise industrial table with applied market-total and submarket observations for vacancy, absorption, leasing, construction, completions, and weighted NNN asking rent; use as a selective Mountain West comparator rather than a broad rank promotion.
• Source: Cushman & Wakefield San Antonio Industrial MarketBeat Q1 2026 - local C&W San Antonio industrial table with applied market-total, submarket, product-type, lease, completion, and active-project observations for the Texas I-35 value sleeve.
• Source: JLL Austin Industrial Market Dynamics Q1 2026 - applied JLL Austin observations for absorption, vacancy, availability, rent, development, preleasing, deliveries, concessions, speculative delivery pressure, Samsung pipeline share, Baer / ZT lease evidence, and high-beta Texas ranking caveats.
• Source: Marcus & Millichap Austin Industrial Market Report 2Q 2026 - applied Marcus & Millichap Austin teaser observations for Georgetown absorption / vacancy context, Hays County completion and vacancy-pressure context, Northeast / Southeast Austin vacancy decline context, and Northeast / Southeast active-pipeline share.
• Source: Marcus & Millichap Memphis Industrial Market Report 2Q 2026 - applied Marcus & Millichap Memphis teaser observations for Class I rail count, MEM cargo-airport positioning, large-bay leasing growth / volume, manufacturing vacancy compression, Ford BlueOval City / Amplify pipeline anchors, and small-bay supplier-demand context.
• Source: JLL Minneapolis Industrial Market Dynamics Q3 2025 - applied JLL Minneapolis observations for vacancy, availability, absorption, rent, preleasing, first-generation top leases, manufacturing leasing share, submarket leasing shares, BTS completions, investment-sale examples, and active tenant demand; use as Q3 2025 backfill rather than current 2026 ranking evidence.
• Source: Marcus & Millichap Indianapolis Industrial Market Report 2Q 2026 - applied Marcus & Millichap Indianapolis teaser observations for 200 bps vacancy decline to 7.3%, post-2020 building vacancy improvement, named healthcare / manufacturing users, East / South above-10% vacancy caveat, Boone / Hendricks below-4% scarcity, within-I-465 pressure, and inland-hub demand context.
• Source: JLL Indianapolis Industrial Market Dynamics Q1 2026 - applied JLL Indianapolis observations for absorption, vacancy, availability, rent, preleased pipeline, first-generation absorption share, construction-project counts, speculative starts, and active-demand context.
• Source: Cushman & Wakefield U.S. Industrial MarketBeat Q1 2026 - applied same-source C&W national table rows for the Tier 2 current operating-momentum lane.
• Source: JLL National Industrial Market Dynamics Q1 2026 - public national cross-check for leasing growth, big-box and 3PL demand, delivery slowdown, construction-pipeline concentration, and industrial capital-market liquidity.
• Source: JLL U.S. Industrial Market Dynamics Q2 2026 - public national Q2 headline cross-check for leasing acceleration, absorption, vacancy compression, large-format quality bifurcation, construction pipeline, and asking rent; article-level evidence only.
• Source: JLL St. Louis Industrial Market Dynamics Q1 2026 - applied JLL St. Louis observations for negative absorption, vacancy, availability, rent, high preleasing, zero deliveries, direct absorption / vacancy, and named Class A lease-size evidence.
• Source: Newmark 1Q26 U.S. Industrial Market Conditions & Trends - public-summary Newmark national cross-check for absorption exceeding deliveries, vacancy easing, and improved leasing; no structured import because full tables were not preserved.
• Source: JLL Dallas-Fort Worth Industrial Market Dynamics Q1 2026 - public DFW source-family table for market totals, submarkets, building types, and size bands, reinforcing DFW large-box demand while preserving submarket/product dispersion.
• Source: Cushman & Wakefield Dallas-Fort Worth Industrial MarketBeat Q1 2026 - applied C&W Q1 2026 DFW observations for market totals, Dallas / Fort Worth rollups, submarkets, product slices, leasing, pipeline composition, completions, rent, and economy context.
• Source: Marcus & Millichap Dallas-Fort Worth Industrial Market Report 2Q 2026 - applied Marcus & Millichap DFW teaser observations for South Dallas vacancy compression, Google warehouse commitments, DFW Airport vacancy / asking rent, Q1 leasing growth, and greater southwest Arlington / Fort Worth-side supply caveats.
• Source: JLL Chicago Industrial Market Dynamics Q1 2026 - applied JLL Q1 2026 Chicago source-family observations for leasing, absorption, vacancy, 3PL demand, large I-80 leases, construction starts, deliveries, and pipeline.
• Source: Cushman & Wakefield Chicago Industrial MarketBeat Q1 2026 - applied C&W Q1 2026 Chicago observations for market totals, 20 submarket rows, rent columns, leasing, absorption, pipeline composition, completions, sublease vacancy, and sales-volume context.
• Source: CBRE Chicago Industrial Figures Q1 2026 - applied CBRE Q1 2026 visible public HTML observations for availability, asking rent, absorption, leasing, construction pipeline, deliveries, and BTS / big-box pipeline composition.
• Source: Marcus & Millichap Chicago Industrial Market Report 2Q 2026 - applied Marcus & Millichap Chicago teaser observations for 2025 leasing-growth context, large-bay demand near Joliet / Bolingbrook / O'Hare, small-bay move-out risk, net relinquishment through June 2025, Q1 2026 average-lease-size threshold, absorption-strength context, slower-supply context, and half-unclaimed pipeline as of April.
• Source: JLL Los Angeles Industrial Market Dynamics Q1 2026 - applied JLL Q1 2026 LA source-family observations for negative market-total absorption, vacancy, availability, rent, large-format move-ins, A&D demand, South Bay / Central LA Class A stabilization, Mid-Counties rent correction, and pipeline.
• Source: JLL Inland Empire Industrial Market Dynamics Q1 2026 - applied JLL Q1 2026 Inland Empire observations for negative absorption, gross absorption, vacancy, availability, rent, IE East / IE West absorption split, mega-box vacancies, preleasing, construction starts, and muted speculative pipeline.
• Source: CBRE Inland Empire Industrial Figures Q1 2026 - applied official CBRE IE Core observations for vacancy, new leasing, asking / taking rents, taking-rate growth, and construction starts, replacing earlier weak snippet-only evidence for these public facts.
• Source: Marcus & Millichap Riverside-San Bernardino Industrial Market Report 2Q 2026 - applied Marcus & Millichap Riverside-San Bernardino teaser observations for near-15-year-high vacancy context, LA/LB port TEU shipping-cost exposure, 107M SF five-year development-wave scale, roughly 10M SF expected 2026 delivery slate, Mojave River Valley supply shift, AB 98 policy constraint, and 2020s-built absorption context.
• Source: JLL Orange County Industrial Market Dynamics Q1 2026 - applied JLL Orange County observations for market totals, warehouse / manufacturing slices, submarket overall rows, preleasing, tenant-size composition, Anduril / Houdini lease signals, and South County weakness.
• Source: Cushman & Wakefield Orange County Industrial MarketBeat Q1 2026 - applied C&W Orange County observations for market totals, submarkets, product slices, vacancy movement, leasing recovery, rent, speculative completions, economy, and sales activity.
• Source: Cushman & Wakefield Columbus Industrial MarketBeat Q1 2026 - applied C&W Columbus observations for market totals, six product rows, 10 submarket rows, vacancy compression, absorption, leasing, pipeline, completions, rent, selected leases, and selected sales.
• Source: CBRE Columbus Industrial Figures Q1 2026 - applied CBRE Columbus observations for market-total absorption, vacancy, availability, rent-growth, deliveries, pipeline, and construction-start metrics.
• Source: Marcus & Millichap Columbus Industrial Market Report 2Q 2026 - applied Marcus & Millichap Columbus teaser observations for metrowide annual vacancy movement, Licking County lease-size / vacancy movement, named tenant demand, tapering-supply rent-pressure context, and Anduril / Pickaway County advanced-manufacturing context.
• Source: JLL Columbus Industrial Market Dynamics Q1 2026 - applied JLL Columbus observations for market-total absorption, vacancy, availability, rent, pipeline, preleasing, named occupancies / leases, Amazon owner-user acquisition size, and Class B departure caveats.
• Source: Newmark Columbus Real Estate Market Reports Q1 2026 - applied Newmark visible landing-page observations for Class A warehouse leasing share / volume, market-total absorption, deliveries, absorption-to-delivery ratio, vacancy compression, and direct asking-rent level / growth.
• Source: CBRE Cleveland Industrial Figures Q1 2026 - applied CBRE Cleveland observations for market-total absorption, vacancy, availability movement, rent, deliveries, under-construction inventory, and five-year vacancy range.
• Source: Marcus & Millichap Detroit Industrial Market Report 2Q 2026 - applied Marcus & Millichap Detroit teaser observations for 5% March 2026 vacancy, auto-sector restructuring pressure, metrowide net relinquishment, Northeast Detroit / Down River directional vacancy context, and automaker investment support.
• Source: JLL Detroit Industrial Market Dynamics Q1 2026 - applied JLL Detroit observations for negative absorption, vacancy, availability, rent, fully preleased BTS pipeline, Morgan Foods lease, Q1 sales volume, Romulus fully leased delivery, and GM Northern I-75 BTS context.
• Source: JLL West Michigan Industrial Market Dynamics Q1 2026 - applied JLL West Michigan observations for absorption, direct absorption, vacancy, direct vacancy, availability, rent, fully preleased pipeline, deliveries, GrowthSpoke lease size, fully available delivery context, and named sale prices.
• Source: Matthews Cleveland OH Industrial Market Report Q4 2025 - applied Matthews / CoStar Q4 2025 Cleveland observations for vacancy, negative absorption, asking rent, rent growth, construction, deliveries, sales volume, pricing, cap rate, and demographic context.
• Source: Matthews Cleveland OH Industrial Market Report Q1 2026 - applied Matthews / CoStar Q1 2026 Cleveland observations for vacancy, rent, construction, deliveries, sales volume, pricing, cap rate, demographics, and a lower-confidence absorption panel row that conflicts with the narrative.
• Source: Marcus & Millichap Cleveland Industrial Market Report 2Q 2026 - applied Marcus & Millichap Cleveland teaser observations for lowest-vacancy-rank context, Q1 absorption-turnaround text, 80 bps trailing vacancy increase, small-space stability, Cuyahoga Heights-Garfield Heights warehouse context, big-box selectivity, trade-policy uncertainty, and Port of Cleveland infrastructure tailwind.
• Source: JLL Cleveland Industrial Market Dynamics Q1 2026 - applied JLL Cleveland observations for absorption, vacancy, availability, rent, development, preleasing, deliveries, stable concessions, warehouse/distribution absorption, Class A W/D sold deal volume, and Hudson site-readiness acreage.
• Source: CBRE Pittsburgh Industrial Figures Q1 2026 - applied CBRE Pittsburgh observations for market-total absorption, vacancy, availability, rent reset, under-construction inventory, pipeline movement, and deliveries.
• Source: Colliers Pittsburgh Industrial Market Report Q1 2026 - applied Colliers Pittsburgh observations for vacancy, new supply, and absorption from public landing-page facts.
• Source: JLL Pittsburgh Industrial Market Dynamics Q1 2026 - applied JLL Pittsburgh observations for absorption, vacancy, availability, rent, restrained pipeline, preleasing, direct absorption / vacancy, and City Brewing commitment-size evidence.
• Source: Cushman & Wakefield Cincinnati Industrial MarketBeat Q1 2026 - applied C&W Cincinnati observations for market totals, product/submarket rows, BTS pipeline context, modern-bulk vacancy, absorption, leasing, completions, rent, selected leases, and selected sales.
• Source: CBRE Cincinnati Industrial Figures Q1 2026 - applied CBRE Cincinnati observations for market-total absorption, user sales, transaction volume, deliveries, construction starts, Walmart's 760 Encore Drive purchase, Northeast vacancy, and named BTS / addition project metrics.
• Source: Cushman & Wakefield Denver Industrial MarketBeat Q1 2026 - applied C&W Denver observations for market totals, nine submarket rows, size-band caveats, pipeline composition, absorption, leasing, rent columns, selected leases, selected sales, and selected completions.
• Source: CBRE Denver Industrial Figures Q1 2026 - applied CBRE Denver observations for market-total absorption, vacancy, availability, sublease, rent, delivery, and pipeline metrics.
• Source: JLL Denver Industrial Market Dynamics Q1 2026 - applied JLL Denver observations for negative absorption, vacancy, availability, deliveries, construction, low preleasing, rising concessions, leasing volume, Northeast absorption / vacancy pressure, and I-70/East occupancy-loss context.
• Source: Marcus & Millichap Denver Industrial Market Report 2Q 2026 - applied Marcus & Millichap teaser observations for negative trailing-year absorption / company exits, Heibar exit context, north and northeast vacancy declines above 150 bps, northeast net relinquishment, north Denver vacancy shrinkage, and headline-level private-capital / larger-format leasing context.
• Source: Cushman & Wakefield Salt Lake City Industrial MarketBeat Q1 2026 - applied C&W Salt Lake City observations for market totals, six submarket rows, three product rows, big-box versus small / mid-bay vacancy, power-constraint context, leasing, absorption, construction, rent, selected leases, sales, and completion.
• Source: Cushman & Wakefield Salt Lake City Industrial MarketBeat Q2 2026 - applied C&W Salt Lake City observations for market totals, six submarket rows, three product rows, big-box versus small / mid-bay vacancy, leasing concentration, absorption, construction, rent, selected leases, sales, and completion.
• Source: CBRE Salt Lake City Industrial Figures Q1 2026 - applied CBRE Salt Lake City visible public HTML observations for construction underway, projected 2026 deliveries, and the fully occupied Q1 SLC Global Logistics Center delivery.
• Source: Cushman & Wakefield Tucson Industrial MarketBeat Q1 2026 - applied local C&W | PICOR Tucson observations for market total, submarket vacancy split, leases, sales, and construction completions.
• Source: CBRE Tampa Industrial Figures Q1 2026 - applied CBRE Tampa visible public HTML observations for vacancy and approximate availability, supporting the Tampa Bay normalization / product-dispersion cross-check against C&W.
• Source: Matthews Tampa FL Industrial Market Report Q1 2026 - applied Matthews / CoStar Tampa observations for vacancy, absorption, asking rent, rent growth, construction, deliveries, T12 sales volume, price per SF, cap rate, and demographic context.
• Source: Colliers West-Central Florida Industrial Market Report Q1 2026 - landing-page-only Colliers West/Central Florida Q1 2026 coverage marker; no structured rows imported because the public landing and form-gated download page do not expose numeric market tables.
• Source: JLL Tampa Bay Industrial Market Dynamics Q1 2026 - applied JLL Tampa Bay observations for fundamentals, rent growth, active-pipeline shrinkage, East Side absorption, named tenant commitments, and proposed-pipeline context.
• Source: Marcus & Millichap Orlando Industrial Market Report 2Q 2026 - applied Marcus & Millichap Orlando teaser observations for completion slowdown, minimal year-over-year March vacancy change, OIA-west big-box leasing, freight-node connectivity, older sub-50K SF move-outs, and newer small-bay stability.
• Source: JLL Orlando Industrial Market Dynamics Q1 2026 - applied JLL Orlando observations for fundamentals, rent growth, low preleasing, named move-in / lease evidence, North Orange absorption, Lake County vacancy, Southeast / Southwest Orange delivery and rent context, and Space Coast aerospace thesis caveats.
• Source: Marcus & Millichap Jacksonville Industrial Market Report 2Q 2026 - applied Marcus & Millichap Jacksonville teaser observations for 2026 construction slowdown, prior delivery wave, vacancy increase, average time to lease, small-bay / newer sub-50K SF pressure, port activity, and larger-distribution absorption.
• Source: Marcus & Millichap Charlotte Industrial Market Report 2Q 2026 - applied Marcus & Millichap Charlotte teaser observations for bifurcated leasing, a prior four-year supply wave averaging more than 10M SF annually, vacancy above pre-pandemic norms, 2026 supply projected below 4M SF, larger / 50,000-SF-plus demand, and pre-2000 10,000- to 50,000-SF absorption pressure.
• Source: JLL Charlotte Industrial Market Dynamics Q1 2026 - applied JLL Charlotte observations for absorption, vacancy, availability, rent, development, deliveries, direct vacancy, large-format Class A cross-dock availability, mid-size tenant share / leasing growth, and 2023-2024 spec-delivery lease-up context.
• Source: JLL Raleigh-Durham Industrial Market Dynamics Q1 2026 - applied JLL Raleigh-Durham observations for absorption, direct absorption, vacancy, availability, rent, development, preleasing, deliveries, direct vacancy, large-format scarcity, build-to-suit timing, and utility-ready-site constraints.
• Source: JLL Charleston Industrial Market Dynamics Q1 2026 - applied JLL Charleston observations for elevated vacancy / availability, limited YTD absorption, deliveries, preleasing, one 1.0M SF Charleston Trade Center sublease, manufacturing-tour interest, and elevated concessions.
• Source: CBRE Las Vegas Industrial Figures Q1 2026 - applied CBRE Las Vegas observations for market totals, size-band rows, product-type rows, class rows, submarkets, availability/vacancy, absorption, construction, rents, leasing, and key lease transactions.
• Source: JLL Las Vegas Industrial Market Dynamics Q1 2026 - applied JLL Las Vegas observations for absorption, vacancy, availability, preleasing, deliveries, rising concessions, DHL / Pepsi North Las Vegas megabox activity, 500,000-SF-plus vacancy, and limited comparable large-format availability.
• Source: Cushman & Wakefield Las Vegas Industrial MarketBeat Q1 2026 - applied C&W Las Vegas observations for market totals, submarkets, product rows, major leases, sales, completions, direct versus overall vacancy, and supply-digestion caveats.
• Source: CBRE Las Vegas Industrial Figures Q2 2026 - applied CBRE Q2 Las Vegas observations for market total, size, product, class, and submarket rows, with source-access limitation recorded in the extract package.
• Source: CBRE Phoenix Industrial Figures Q1 2026 - applied CBRE Phoenix observations for visible public HTML bullet metrics covering Q1 absorption, absorption growth, deliveries, delivery count, vacancy, vacancy movement, asking rent, and asking-rent movement.
• Source: Matthews Phoenix AZ Industrial Market Report Q1 2026 - applied Matthews Phoenix observations for visible by-the-numbers panel metrics covering Q1 vacancy, absorption, asking rent, rent growth, construction, deliveries, sales volume, price per SF, cap rate, and demographics.
• Source: Marcus & Millichap Phoenix Industrial Market Report 2Q 2026 - applied Marcus & Millichap Phoenix 2Q 2026 teaser observations for delivery-demand imbalance narrowing, 250,000+ SF vacancy compression, large-user leasing count, I-10 / Loop 303 vacancy gains, southeast high-tech industrial tightening, and decade-low 2026 completions with hiring / energy caveats.
• Source: Colliers Miami-Dade County Industrial Market Report 1Q26 - applied Colliers Miami-Dade observations for leasing, rent, rent growth, new supply, absorption, vacancy, pipeline, and South Florida industrial cap rate.
• Source: Marcus & Millichap Miami-Dade Industrial Market Report 2Q 2026 - applied Marcus & Millichap Miami-Dade teaser observations for MIA cargo growth and volume, pass-through freight, Q4 2025 leasing above 5.0M SF, 100K+ SF lease count, Q1 move-outs, and tariff / energy-volatility risk.
• Source: Marcus & Millichap Fort Lauderdale Industrial Market Report 2Q 2026 - applied Marcus & Millichap Fort Lauderdale teaser observations for small-bay leasing volume / growth, over-100-bps vacancy-pressure context, Fort Lauderdale retail-sales growth, West Sunrise / Pompano pressure context, and Central / Southeast demand support.
• Source: JLL Broward Industrial Market Dynamics Q1 2026 - applied JLL Broward observations for absorption, vacancy, availability, rent, pipeline, zero preleasing, zero deliveries, leasing volume, renewal share, sales volume, and Fanatics' Miramar renewal.
• Source: JLL Palm Beach Industrial Market Dynamics Q1 2026 - applied JLL Palm Beach observations for fundamentals, leasing volume, named leases, Q1 sales volume, supply-digestion context, rising concessions, and Palm Beach demand-driver context.
• Source: Marcus & Millichap Atlanta Industrial Market Report 2Q 2026 - applied Marcus & Millichap Atlanta teaser observations for population-growth demand support, 2019-2024 inventory expansion, speculative-pipeline vacancy pressure, South Atlanta delivery growth, I-20 East supply relief, and Blue Ridge Connector rail connectivity.
• Source: Colliers Top 25 Industrial Markets June 2026 - public Colliers top-25 aggregate cross-check for U.S. industrial concentration, top-25 absorption growth, supply slowdown, and demand-reacceleration leader language.
• Source: Marcus & Millichap 2026 U.S. Industrial Investment Outlook Midyear - official public teaser / landing page confirming broad midyear industrial report scope while withholding the full 36-market table behind sign-in.
• Source: Los Angeles South Bay and Mid-Counties Industrial Q1 2026 - applied Colliers Q1 2026 South Bay and Mid-Counties observations showing why LA must remain corridor-specific.
• Source: Savills Orange County Industrial Market Report Q1 2026 - applied Orange County Q1 2026 observations showing a separate Southern California infill / airport-area comparator with positive absorption but rent and vacancy caution.
• Source: CBRE Orange County Industrial Figures Q1 2026 - applied CBRE Orange County observations for vacancy, negative absorption, NNN asking rent, rent movement, and under-construction inventory.
• Source: Colliers Orange County Industrial Research Report 2026 Q1 - applied Colliers visible public HTML observations for Orange County vacancy, absorption, gross activity, new supply, construction starts, rent declines, and the first quarter since Q4 2022 when absorption outpaced new supply.
• Source: Marcus & Millichap Orange County Industrial Market Report 2Q 2026 - applied Marcus & Millichap Orange County teaser observations for October 2025-March 2026 absorption, 6.8% April vacancy, 14.0% distribution-center vacancy, warehouse vacancy improvement, manufacturing / 50,000-SF move-in context, and highest year-end vacancy since 2002.
• Source: CBRE Orange County Industrial Figures Q2 2026 - applied CBRE Orange County Q2 observations for 252.63M SF of inventory, 5.5% vacancy, -692K SF Q2 absorption, $1.49/SF/month NNN asking rent, rising concessions, 676K SF under construction, and Airport / North / South / West submarket dispersion.
• Source: CBRE Ventura Industrial Figures Q2 2026 - applied CBRE Ventura Q2 observations for 68.11M SF of inventory, 4.2% vacancy, +13K SF Q2 absorption, $1.21/SF/month NNN asking rent, 737,730 SF under construction, West County concentration, and local sale / lease evidence.
• Source: Newmark Orange County Real Estate Market Reports Q1 2026 - applied Newmark Orange County observations for Q1 absorption, 5.2% vacancy, $1.53/SF/month NNN asking rent, deliveries, under-construction space, and preleasing context.
• Source: Colliers San Diego Region Industrial Report 2026 Q1 - applied Colliers San Diego visible public HTML observations for positive absorption, Amazon Otay Mesa build-to-suit completion context, vacancy, rent, rent decline, under-construction pipeline, and 0% preleasing.
• Source: Marcus & Millichap San Diego Industrial Market Report 2Q 2026 - applied Marcus & Millichap San Diego teaser observations for mid-10 percent vacancy context, 1.1M SF six-month absorption, Amazon / U.S.-Mexico border move-in concentration, 11-quarter net-relinquishment reset, sub-50,000-SF leasing stability, and available scheduled-completion pressure.
• Source: JLL San Diego Industrial Market Dynamics Q1 2026 - applied JLL San Diego observations for Q1/YTD absorption, vacancy, availability, rent, development, preleasing, deliveries, concessions, defense leasing, Chula Vista absorption, Otay Mesa vacancy, Q1 sales volume, and tenant-requirement growth.
• Source: Cushman & Wakefield San Diego Industrial MarketBeat Q2 2026 - applied C&W San Diego Q2 observations for vacancy, Q2/YTD absorption, direct availability, leasing, construction, rent, capital markets, and county/product dispersion.
• Source: CBRE Sacramento Industrial Figures Q1 2026 - applied CBRE Sacramento observations for vacancy, negative absorption, and monthly NNN asking rent as a source-family cross-check against C&W.
• Source: Colliers Northern California Industrial Market Report Q1 2026 - applied Colliers Northern California observations for regional absorption, rent, vacancy, sales volume, logistics movement indicators, and Central Valley occupancy growth.
• Source: Marcus & Millichap Sacramento Industrial Market Report 2Q 2026 - applied Marcus & Millichap Sacramento teaser observations for low-7% vacancy context, five-year average annual additions, 2026 scheduled-supply upper bound, North Natomas Airport South context, and Sacramento International Airport cargo growth.
• Source: JLL Sacramento Industrial Market Dynamics Q1 2026 - applied JLL Sacramento observations for negative absorption, vacancy, availability, rent, pipeline, preleasing, zero deliveries, rising concessions, named West Sacramento / Woodland leases, sales square-footage context, and rent/vacancy movement.
• Source: CBRE Sacramento Industrial Figures Q2 2026 - applied CBRE Sacramento Q2 observations for 192.71M SF inventory, 5.8% table vacancy, +780K SF Q2 absorption after five loss quarters, $0.81/SF/month NNN asking rent, 1.21M SF under construction, 19 submarkets, and the cover/table vacancy discrepancy.
• Source: Partners Atlanta Industrial Q1 2026 Quarterly Market Report - applied Partners Q1 2026 Atlanta observations for the major distribution-hub lane, with source-family caveats around submarket/product dispersion and rent basis.
• Source: JLL Atlanta Industrial Market Dynamics Q1 2026 - applied JLL Q1 2026 Atlanta source-family observations for large-block demand, speculative starts, pipeline composition, vacancy, availability, rent, and active requirements.
• Source: Matthews Atlanta GA Industrial Market Report Q1 2026 - applied Matthews / CoStar Q1 2026 Atlanta observations for vacancy, absorption, asking rent, rent growth, construction, deliveries, sales volume, pricing, cap rate, and demographic context.
• Source: Colliers Atlanta Industrial Market Report Q1 2026 - landing-page-only Colliers Atlanta Q1 2026 coverage marker; no structured rows imported because the full report download was blocked.
• Source: JLL Houston Industrial Market Dynamics Q1 2026 - applied JLL Q1 2026 Houston source-family observations for demand composition, leasing, owner-user acquisitions, pipeline, preleasing, vacancy, availability, rent, and 2026 outlook.
• Source: CBRE Kansas City Industrial Figures Q1 2026 - applied CBRE Kansas City observations for visible public HTML bullet metrics covering absorption, prior-quarter absorption, vacancy, vacancy movement, deliveries, preleased delivery area, asking rent, and rent movement.
• Source: NYC Outer Boroughs Industrial Q1 2026 Public Reports - applied Colliers / CBRE / C&W evidence for the NYC last-mile / urban-infill side of the Northern NJ / NYC Metro lane.
• Source: Marcus & Millichap New York Industrial Market Report 2Q 2026 - applied Marcus & Millichap teaser observations for the NYC small-bay infill / multi-story logistics product split, 2020s-built vacancy context, and Bronx vacancy / absorption caution.
• Source: Marcus & Millichap Northern New Jersey Industrial Market Report 2Q 2026 - applied Marcus & Millichap teaser observations for Northern NJ infill distribution, Bergen / Essex vacancy context, Hudson / Union / Bayonne older-node move-out pressure, Morris County vacancy context, and manufacturing-policy support.
• Source: Memphis Industrial Q1 2026 C&W MarketBeat - supplemental Memphis public evidence for leasing, completions, submarket statistics, and named tenant / sale activity.
• Source: CBRE Memphis Industrial Figures Q1 2026 - applied CBRE Memphis observations for visible public text metrics covering Q1 and prior-quarter absorption, vacancy, vacancy movement, availability, availability movement, asking rent, asking-rent movement, and macro risk context.
• Source: Marcus & Millichap Memphis Industrial Market Report 2Q 2026 - applied Marcus & Millichap Memphis teaser observations for MEM-adjacent large-bay leasing, rail / airport infrastructure, manufacturing vacancy compression, and advanced-manufacturing / small-bay supplier-demand context.
• Source: Nashville Industrial Q1 2026 C&W MarketBeat - current public Nashville evidence for vacancy, absorption, rent, leasing, renewals, pipeline, completions, and East / North / Southeast submarket conditions.
• Source: CBRE Nashville Industrial Figures Report Q1 2026 - applied CBRE Nashville visible public HTML observations for Q1 absorption, vacancy, availability, rent movement, pipeline, deliveries, and movement metrics; use as a source-family cross-check against C&W, not as a submarket table.
• Source: JLL Nashville Industrial Market Dynamics Q1 2026 - applied JLL Nashville PDF observations for absorption, vacancy, availability, rent, pipeline, preleasing, sublease inventory, and East-led demand context; use as a source-family cross-check against C&W and CBRE, not as a blended row.
• Source: Matthews Nashville TN Industrial Market Report Q2 2025 - applied Matthews / CoStar Nashville Q2 2025 observations for sales volume, sale pricing, vacancy, availability, rent growth, absorption, construction, Wilson County / Southeast new-supply concentration, and selected lease / portfolio-sale context.
• Source: Cushman & Wakefield Nashville Industrial MarketBeat Q2 2026 - applied C&W Nashville Q2 2026 observations for market totals, six submarkets, deliveries, new leasing versus renewals, absorption, construction, completions, and rent.
• Source: Greenville-Spartanburg Industrial Q1 2026 C&W MarketBeat - current public Greenville-Spartanburg evidence for direct / overall / Cherokee-excluded vacancy, leasing, absorption, pipeline, completions, and submarket dispersion.
• Source: CBRE Greenville-Spartanburg Industrial Figures Q1 2026 - applied CBRE Greenville-Spartanburg visible public HTML observations for absorption, vacancy, availability, leasing, Spartanburg West net leasing, completions, pipeline, and rent.
• Source: Colliers Columbia Industrial Market Report Q1 2026 - applied visible public HTML observations for Columbia industrial gross absorption, Class A rent and rent growth, pre-2000 vacancy concentration, and Blythewood / northern Calhoun County supply context.
• Source: Marcus & Millichap Baltimore Industrial Market Report 2Q 2026 - applied Marcus & Millichap Baltimore teaser observations for modest leasing improvement, negative absorption persistence, Harford County relinquishment pressure, speculative unleased deliveries, and Southern Anne Arundel / Columbia local supply pressure.
• Source: Charlotte and Savannah Industrial Q1 2026 Public Reports - applied Colliers / CBRE Q1 2026 public observations for the Charlotte and Savannah Tier 2 leader calibration gap.