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Industrial rent growth in New York slips further into negative territory

Rent pullback runs deeper than national average as new supply weighs on the market

Newly constructed industrial space has come into the New York market faster than it can be absorbed, but the pipeline is slowing. (CoStar)

Newly constructed industrial space has come into the New York market faster than it can be absorbed, but the pipeline is slowing. (CoStar)

By Victor Rodriguez

CoStar Analytics

March 10, 2026 | 2:41 P.M.

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With vacancy levels piling up, positive annual rent growth continues to elude New York's industrial market.

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