Industrial Tenant Demand Study

The 12th annual U.S. Industrial Tenant Demand Study is more comprehensive and carefully curated than ever before. Using JLL local market intelligence across nearly 60 U.S. markets, we gathered robust tenant data—where they are looking, what industries are driving activity and how demand is impacted by external economic influences—to give you a thorough analysis and understanding of industrial real estate demand for 2025-2026.

Key Trends:

1. Overall demand is down nearly 2% year-over-year. Many occupiers are embracing a cautious and cost-efficient approach when it comes to leasing decisions.
   
2. Demand for manufacturing facilities is up. Year-over-year requirements have increased by more than 20%.
   
3. The Logistics & Parcel Delivery industry topped performance this year, driven by increased Asian 3PL demand. Construction Machinery & Materials and Traditional Retail sectors also saw growth.
   
4. Migration patterns, population growth, labor availability, power resources and land accessibility have contributed to a shift in demand towards the Central U.S.