In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Craig, the National Director of Industrial Research, to discuss the state of the industrial real estate market halfway through 2025. They cover key topics such as national tenant demand, vacancy rates, market bifurcation, the impact of new supply and construction, and the trends in subleasing. Craig provides insights into the markets facing challenges and those that are stabilizing, as well as data on the major industries driving occupancy. The episode concludes with predictions for the remainder of the year, including the potential release of pent-up demand and anticipated strong growth once economic clarity is achieved.

00:00 Introduction and Welcome

01:13 National Industrial Market Overview

02:31 Vacancy Rates and Trends

04:05 Market Soft Spots and Hot Spots

08:12 Sublease Market Dynamics

10:58 Industry-Specific Absorption Trends

12:53 Construction Activity and Future Predictions

14:52 Conclusion and Final Thoughts