Industrial Space Demand Forecast

The NAIOP Industrial Space Demand Forecast is based on a predictive model that forecasts demand for industrial space at the national level on a quarterly basis for eight consecutive quarters.

It utilizes variables that comprise the entire supply chain and lead the demand for space, including varying measures of employment, GDP, exports and imports, and air, rail and shipping data.

Leading indicators that factor heavily into the model include the Federal Reserve Board’s Index of Manufacturing Output (IMO), the Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) and net absorption data from CBRE Econometric Advisors.

Download the NAIOP Industrial Demand Model 2011 for a full description of the model and methodology.

The forecast for the U.S. is issued semiannually in February and August. Below are the current and previous Industrial Space Demand Forecasts.

Past Forecasts:

• Third Quarter 2022 Report 
• First Quarter 2022 Report 
• Third Quarter 2021 Report 
• First Quarter 2021 Report 
• Third Quarter 2020 Report 
• First Quarter 2020 Report 
• Third Quarter 2019 Report 
• First Quarter 2019 Report 
• Third Quarter 2018 Report 
• First Quarter 2018 Report 
• Third Quarter 2017 Report 
• First Quarter 2017 Report 
• Third Quarter 2016 Report 
• First Quarter 2016 Report 
• Third Quarter 2015 Report 
• First Quarter 2015 Report 
• Third Quarter 2014 Report 
• First Quarter 2014 Report 
• Third Quarter 2013 Report 
• First Quarter 2013 Press Release

* Research reports are complimentary to all audiences. Webinars are free for members and paid for nonmembers.