Browse Location & Market Terms Terms
Industrial real estate is highly location-dependent. These terms describe how markets are measured, where demand concentrates, and the geographic and economic factors that shape rents and availability.
Industrial Submarket
A defined geographic subset of a larger metropolitan industrial market, used by brokers and analysts to track vacancy, absorption, rental rates, and development on a granular basis.
View definition →Industrial Corridor
A linear concentration of industrial development along a major highway or rail line, forming a natural cluster for distribution, logistics, and manufacturing facilities.
View definition →Logistics Hub
A major concentration of distribution, fulfillment, and freight facilities that serves as a central node in a regional or national supply chain network.
View definition →Intermodal Facility
A freight terminal where cargo is transferred between two or more transportation modes — typically truck, rail, and ocean — using standardised containers.
View definition →Port Proximity
The locational advantage of being sited near a seaport, which reduces drayage costs and transit times for importers, exporters, and freight-dependent tenants.
View definition →Inland Port
An interior freight hub connected to a seaport by rail or highway, offering import and export services away from congested coastal marine terminals.
View definition →Last-Mile Location
A warehouse or distribution facility sited close to the final delivery destination, enabling rapid and cost-efficient delivery to residential or business customers.
View definition →Opportunity Zone
A federally designated low-income census tract offering capital gains tax incentives to investors who deploy qualifying capital into real estate or businesses within the zone.
View definition →Enterprise Zone
A state or locally designated area offering tax credits, abatements, or regulatory relief to businesses that locate and create jobs within its boundaries.
View definition →Foreign Trade Zone (FTZ)
A federally designated area adjacent to a port of entry where goods can be imported, stored, processed, or manufactured with deferred or reduced customs duties.
View definition →Industrial Park
A planned development containing multiple industrial buildings with shared road access, utilities, and landscaping, designed to accommodate compatible occupants under a master plan.
View definition →Logistics Park
A large-scale master-planned industrial campus purpose-built for distribution, e-commerce, and supply chain operations, often featuring rail access and on-site amenities.
View definition →Vacancy Rate
The percentage of total leasable industrial space in a market that is currently unoccupied and available for lease — a key indicator of market tightness and rental rate direction.
View definition →Net Absorption
The net change in occupied industrial space over a period, calculated by subtracting move-outs from move-ins; positive net absorption signals strengthening market demand.
View definition →Gross Absorption
The total amount of industrial space leased in a market during a period, without deducting vacated space — a broader measure of overall leasing activity.
View definition →Market Rent
The prevailing rent level for a given property type and quality tier in a specific submarket, reflecting current supply and demand conditions at the time of leasing.
View definition →Asking Rent vs Effective Rent
Asking rent is the advertised rate; effective rent is the actual average paid after accounting for free rent and concessions — the gap between the two widens in soft markets.
View definition →Comparable Rents (Comps)
Rents achieved in recent comparable lease transactions, used by brokers and appraisers to benchmark fair market value for a specific property or submarket.
View definition →Industrial Market Report
A periodic publication by commercial real estate firms providing data on vacancy rates, absorption, rental rates, and new construction activity across a regional industrial market.
View definition →Submarket Boundaries
The defined geographic limits of an industrial submarket, applied consistently by brokers and data providers to ensure comparable market statistics across reporting periods.
View definition →Absorption Rate
The rate at which available industrial space is leased or occupied in a market over a specific time period, expressed in square feet per quarter or per year.
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