{"id":1004802589,"date":"2026-06-23T03:18:50","date_gmt":"2026-06-23T11:18:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004802589"},"modified":"2026-06-23T05:35:42","modified_gmt":"2026-06-23T13:35:42","slug":"industrial-construction-update-2026-yardi-matrix-data","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-2026-yardi-matrix-data\/","title":{"rendered":"Industrial Construction Starts Remain Volatile Amid Slowdown"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3a90bfdffbe&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=\"1004802590\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-2026-yardi-matrix-data\/0726_cpe_matrix_constuction_indust\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/0726_CPE_Matrix_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=\"0726_CPE_Matrix_Constuction_Indust\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/0726_CPE_Matrix_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\/06\/0726_CPE_Matrix_Constuction_Indust.jpg\" alt=\"chart representing the industrial construction starts between may 2025 and 2026, as per yardi matrix data\" class=\"wp-image-1004802590\" style=\"width:526px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/0726_CPE_Matrix_Constuction_Indust.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/0726_CPE_Matrix_Constuction_Indust.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/0726_CPE_Matrix_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 remained highly uneven over the past 12 months, reflecting a sector that continues to recalibrate after the rapid expansion cycle of previous years, Yardi Matrix data shows. While monthly activity showed several sharp rebounds, the broader trend points to moderating development volumes and weakening year-over-year comparisons.<\/p>\n\n\n\n<p>Construction starts totaled 22.1 million square feet in May 2025 before surging 45.5 percent month-over-month to 32.1 million square feet in June. Activity remained elevated through the summer, exceeding 30 million square feet in both July and August. The strongest annual growth occurred in July and October, when starts increased 35.5 percent and 36.6 percent year-over-year, respectively, highlighting pockets of continued developer confidence despite growing market uncertainty.<\/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\/top-emerging-industrial-markets\/\"><strong> <\/strong>Top 10 Emerging Industrial Markets<\/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 market reached its peak in October 2025, when nearly 39 million square feet of industrial space broke ground. However, that momentum proved short-lived. Starts fell 38.2 percent in November and another 28.6 percent in December, ending the year at just 17.2 million square feet.<\/p>\n\n\n\n<p>The fourth-quarter slowdown coincided with a broader cooling in industrial fundamentals, as developers responded to rising vacancies in some markets and a more cautious leasing environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sector-continues-to-search-for-direction\">Sector continues to search for direction<\/h2>\n\n\n\n<p>The first five months of 2026 have been characterized by continued volatility rather than a sustained recovery. January posted a 25.4 percent monthly increase, but activity retreated again in February before rebounding 27.7 percent in March.<\/p>\n\n\n\n<p>April marked the weakest month in the period, with only 13.9 million square feet of starts, down 37.7 percent from March and nearly 59 percent below April 2025 levels\u2014the steepest annual decline recorded during the 13-month span.<\/p>\n\n\n\n<p>Although May 2026 brought a modest rebound to 19 million square feet, year-over-year activity remained down 14.1 percent. In fact, four of the first five months of 2026 posted double-digit annual declines, indicating that the sector remains well below the pace seen a year earlier.<\/p>\n\n\n\n<p>Taken together, the data suggest that industrial construction is transitioning from the record-setting development cycle of recent years toward a more measured growth phase, with developers increasingly selective about new projects amid evolving demand patterns and a more balanced supply environment.<\/p>\n\n\n\n<p>\u2014Posted on June 23, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The broader trend points to moderating development volumes and weakening year-over-year comparisons.<\/p>\n","protected":false},"author":741,"featured_media":1004802590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,37750,21808,21748,23891],"tags":[32785],"class_list":["post-1004802589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-research-center-development","category-featured","category-industrial","category-national","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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