Q4 2019

Industrial Market Trends

Elkhart County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

New Construction 

*Average Lease & Vacancy Rates are based on a weighted average per the square footage.

**Negative absorption is due to more new space that came on the market vs. space that came off the market.

***Potentially 1.5 million SF vacant that currently is not on the market.

Q4 2019

Industrial Market Trends

St Joseph County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

New Construction and Q3 Notable Transactions

*Average Lease & Vacancy Rates are based on a weighted average per the square footage.
**Negative absorption is due to more new space that came on the market vs. space that came off the market.

Q4 2019

Office Market Trends

St. Joseph County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

New Construction

*Average Lease & Vacancy Rates are based on a weighted average per the square footage.
**Negative absorption is due to more new space that came on the market vs. space that came off the market.