The national industrial vacancy rate declined slightly to 8.5 percent in May, down 30 basis points from April, but still up 290 basis points over the past 12 months, according to Commercial Café.
Industrial construction starts totaled 86.9 million square feet through May, putting 2025 on pace to record the lowest volume of new starts since 2018
Port of Los Angeles handled 25 percent less cargo than forecast in May, as the impact of new tariffs and trade uncertainty disrupted expected shipping volumes
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