Small- and shallow-bay multitenant industrial buildings are located in markets large and small across North America. While representing a relatively small share of total square feet under development in recent years, they constitute a key segment of the market for industrial space, serving small business owners, service providers and last-mile distribution. Multitenant buildings can help to diversify an industrial building portfolio, since they serve tenants from a range of different industries, often within the same building. The relatively limited construction of new small- and shallow-bay industrial buildings has also helped to keep vacancies low despite an increase in overall industrial vacancy over the last few years.

“Best Practices in Small- and Shallow-bay Multitenant Industrial Building Development,” by NAIOP Distinguished Fellow Dustin Read, Ph.D., will provide an overview of recent trends affecting demand for small- and shallow-bay space. It will explore how these buildings are typically financed and key considerations related to their design and location. The report will also examine how marketing, leasing and operations of multi-tenant buildings differ from larger industrial buildings. The report will be released in July 2026.

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