1、United StatesQ1 2026RIndustrialMarket Dynamics Jones Lang LaSalle IP,Inc.2026ContentsUnited States:Industrial Market DynamicsKey trendsEconomyDemandSupplyRentsSpotlightClockOutlookContactsP.3P.4P.5-6P.7P.8P.9P.10P.11P.12P.132 Jones Lang Lasalle IP,Inc.2026CapitalMarkets Jones Lang LaSalle IP,Inc.202
2、6Key Trends31234Leasing activity improves 17.8%year-over-yearIndustrial leasing continued to rally to begin 2026 with 145.2 million s.f.of leases executed with 71.6%of those being new leases.Asking rates remained modestly positive,growing by 0.8%year-over-year to$10.34 per square foot,as landlords b
3、alanced competitive pressures with the superior specifications of newer inventory.Average direct asking rates for mega-box warehouses surged 14.5%year-over-year,significantly outpacing all other Class A size segments.Net absorption posts best Q1 since 2023Absorption was down from the previous quarte
4、r,but the 50.9 million s.f.of net absorption did mark a year-over-year increase of 27.3%propelled by tenant flight to quality and consolidation of operations into more efficient facilities.Class A mega-box warehouses measuring over 1 million s.f.led all size segments with 17 million s.f.of absorptio
5、n.Owner-user and build-to-suit projects continue to propel absorption figures on a positive trajectory.Industrial development increases slightly at 2.2%year-over-year259.5 million s.f.of industrial assets are currently under construction and heavily concentrated to the Dallas-Fort Worth,Houston,East
6、ern&Central Pennsylvania,and Savannah which account for 32.6%of all construction.Speculative buildings in the 100,000 to 249,999 square foot and over 1 million square foot size bands saw increases in the number of buildings under construction from the previous quarter.Big-box leasing accelerates ami