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Northern California Industrial Market Stabilizes at 7.1% Vacancy as Build-to-Suits Dominate Pipeline

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Industrial with solar panels
Photo by Bernd Dittrich on Unsplash
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Colliers reports 9.7M SQFT under construction with speculative development largely on pause heading into 2026 Northern California’s industrial sector closed 2025 recalibrated and preparing for its next cycle, according to the latest Q4 2025 market report from Colliers. After two years defined by outsized deliveries and cooling demand, fundamentals across the region’s 731 million square […]

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