The Cresa Logistics Index is a semi-annual release that examines the Top 100 US Industrial markets in terms of total square footage of warehouse/industrial inventory through the lens of being either tenant or landlord favorable.
Fast-growing markets with oversupply and rising availabilities are the most tenant favorable.
Several different categories were evaluated and ranked from 1 through 100 (the number of markets studied) based on whether it was considered tenant favorable or landlord favorable. For example, the market with the lowest vacancy – Albuquerque, NM at 1.5 percent – was ranked number 1, or most landlord favorable/least tenant favorable in the vacancy category. While the market with the most sublease square footage as a percentage of inventory – Spartanburg, South Carolina at 5.1 percent – was ranked number 100, or most tenant favorable/least landlord favorable. A total of 7 categories were studied and the aggregate score was calculated to identify each markets’ ranking. The tenant favorable rankings are from 1 (most tenant favorable) to 100 (least tenant favorable). An explanation and breakdown of the categories and rankings are included at the end of this report. The purpose of the Cresa Logistics Index is to provide a snapshot of broad market conditions and to compare these to other markets.
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