2025 Industrial Sales Climb Ahead of Year-End
Year-to-date through November, investors closed 4,257 sales totaling $68.4 billion, Yardi Matrix shows.
Industrial investment continued to gain momentum in 2025, with 4,257 sales totaling 523.7 million square feet and $68.4 billion in volume transacting, according to the latest Yardi Matrix data. The average price reached $133.68 per square foot as of November—marking a 9.2 percent increase from last year’s $122.46 average.
READ ALSO: Transactions: December 2025
Third-quarter activity also strengthened. A total of 1,298 transactions closed, involving 167.5 million square feet and generating $20.4 billion in industrial sales—slightly above the $20 billion recorded during the same period of 2024. Deal flow rose modestly from last year, when 164.9 million square feet changed hands across 1,426 transactions. Pricing also firmed during this year’s third quarter, with assets selling for $123.28 per square foot, up 3.6 percent year-over-year. For context, during the third quarter of 2024 industrial properties sold at $123.28 per square foot.
Steady quarterly growth points toward a busy year-end
The final quarter figures show continued momentum. As of November, Yardi Matrix shows 524 transactions closed for $8.9 billion, involving 70.2 million square feet. So far in 2025’s fourth quarter, the average price reached $131.02 per square foot—roughly 2 percent higher than the $128.50 average recorded during the same period of 2024.
With the fourth quarter typically being the busiest period for trades, the industrial sector still has room to accelerate before year-end. Activity has climbed steadily throughout 2025, with each quarter recording more transactions and greater square footage changing ownership than the one before.
—Posted on December 24, 2025
During the first two quarters of the year, a total of 59 industrial sales closed, involving 8 million square feet and generating $1.4 billion, according to the latest Yardi Research Data.
The average price per square foot during this period stood at $179.65—higher than the $163.89 per square foot recorded during the same period in 2024—marking a steady demand for industrial properties.
During the year’s second quarter, 4.5 million square feet changed ownership across 31 transactions. The total industrial investment volume in this period generated $759 million, 28.4 percent higher than the $591 million sales amount registered over the same time span in 2024. For context, last year’s second quarter saw 28 deals closed involving 3.9 million square feet.
Industrial sales prices to escalate more
Properties in 2025’s second quarter traded at $188.97 per square foot—representing an approximately 23.8 percent jump from the $152.80 per square foot value of last year’s second quarter.
Additionally, all industrial metrics saw a steady growth when compared to the start of the year. The first quarter of 2025 ended with 28 transaction, or 3.5 million square feet that sold for $610.8 million, at an average sale price of $170.33 per square foot, signaling there is still potential for growth in the sector as the year progresses through the end of the third quarter.
—Posted on September 29, 2025
So far in 2025, investors have closed 1,337 industrial transactions, covering 165.2 million square feet and totaling $21.4 billion, according to the latest CommercialEdge data. The average sale price per square foot during the first five months hit $132.92, inching past last year’s $130.76 benchmark—signaling steady demand in the sector.
READ ALSO: Manufacturing Investments
In the first quarter of the year, 1,006 of industrial deals closed across 124.6 million square feet, totaling $15.2 billion and marking a significant jump compared to the $14.2 billion year-over-year. The average sale price hit $123.51 per square foot, marking a 7 percent decrease when compared to the same months in 2024, when assets traded at an average of $133.33 per square foot.
Industrial investment’s growth potential
As for this year’s second quarter, investors closed 331 sales so far, encompassing 40.6 million square feet and generating $6.2 billion. Properties traded at $162.46 per square foot on average, representing a 32 percent jump from the last year’s second quarter value of $123 per square foot.
Nevertheless, there is still room for growth this year as the industrial market continues to adapt and shift to current conditions. Last year ended with 5,063 industrial transactions comprising 587.1 million square feet, that sold for a total of $73.1 billion.
—Posted on June 27, 2025
In 2024, $70.8 billion in industrial sales closed across 4,828 deals and involving 566.3 million square feet, according to the latest CommercialEdge data. Last year, the average price per square foot stood at $127.99.
Through 2024, investment activity increased as the year progressed: the first quarter ended with $14 billion in deals, while the second quarter posted $16.5 billion in transactions. Third-quarter sales volume totaled $18.1 billion, with investment activity reaching $22.2 billion during the last quarter—marking the busiest period of last year. The difference between 2024’s first and last quarters represents a 58.6 percent increase in activity.
READ ALSO: Industrial Real Estate’s Future Depends on Adaptability
Following the same industrial market trends, 1,040 deals closed at the end of 2024’s first quarter, a value that increased to the 1,381 deals registered at the end of the last quarter. In terms of square footage, properties totaling 108.6 million square feet changed hands January through March in 2024—the figure increasing to 173.8 million in the last three months of last year.
The industrial average sale price per square foot fluctuated in 2024—clocking in at $134.52 per square foot at the end of the first quarter and falling to $124.18 per square foot by the end of the second quarter. After this period, the figure dropped again to $121.63 per square foot at third quarter’s end, with the last three months of 2024 averaging a sales price of $132.23 per square foot.
A positive start for industrial sales in 2025
During the first two months of 2025, the average sale price per square foot for industrial sales stood at $126.55—a similar value to 2024’s average of $127.99 per square foot, CommercialEdge data shows. So far, this indicates a 1.1 percent drop from the previous year.
The same source shows that since the start of 2025, investors closed 389 transactions, comprising 51.5 million square feet of industrial space and added up to a total investment volume of $6.1 billion.
—Posted on March 26, 2025
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