{"id":1004792917,"date":"2026-03-25T12:39:46","date_gmt":"2026-03-25T20:39:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004792917"},"modified":"2026-03-25T12:39:47","modified_gmt":"2026-03-25T20:39:47","slug":"industrial-construction-update-yardi-matrix-data","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-yardi-matrix-data\/","title":{"rendered":"Industrial Construction Starts Drop as 2026 Begins"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1730776abdc&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004792918\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-yardi-matrix-data\/0426_cpe_commedge_constuction_indust\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"IndustrialConstructionChart_YardiMatrix\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg\" alt=\"chart representing the industrial construction starts between february 2025 and 2026, as per yardi matrix data\" class=\"wp-image-1004792918\" style=\"width:536px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/0426_CPE_CommEdge_Constuction_Indust.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: Yardi Matrix<\/figcaption><\/figure><\/div>\n\n\n<p>Industrial construction starts lost considerable momentum heading into 2026 after a volatile but generally elevated run through much of 2025, according to Yardi Matrix.<\/p>\n\n\n\n<p>Activity strengthened through spring and summer last year, rising from 21 million square feet in May to 29.7 million in July and 29.4 million in August. The upward trend culminated in October, when developers broke ground on approximately 35.4 million square feet\u2014the highest monthly total in the period and a 24 percent year-over-year increase.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">What Will Define Industrial\u2019s Next Stage of Growth?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The fourth quarter marked a clear reversal. Starts declined to less than 20.3 million square feet in November, down 18.7 percent year-over-year <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-commercialedge\/\">and fell further<\/a> to 14.3 million square feet in December, a 23.8 percent annual drop. Compared with October\u2019s peak, December activity was lower by nearly 60 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-early-2026-shows-sharp-year-over-year-declines\">Early 2026 shows sharp year-over-year declines<\/h2>\n\n\n\n<p>The first two months of 2026 indicate that activity remained subdued in the beginning of the year. January recorded 18.4 million square feet of new industrial construction starts, representing a 28.2 percent increase from December and a 13.6 percent decline compared to January 2025. February continued in a similar streak, with industrial construction starts totaling just 8.3 million square feet\u2014a 62.2 percent decrease year-over-year.<\/p>\n\n\n\n<p>On a two-month basis, January and February 2026 registered a combined 26.7 million square feet in industrial construction starts, compared with about 43.2 million square feet during the same period in 2025, representing a decline of approximately 38 percent.<\/p>\n\n\n\n<p>\u2014Posted on March 25, 2026<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial construction starts continued to decline in early 2026, with February posting one of the steepest year-over-year drops. <\/p>\n","protected":false},"author":741,"featured_media":1004792918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,37750,21748,23891,37749],"tags":[],"class_list":["post-1004792917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-research-center-development","category-industrial","category-national","category-research-center-cpe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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