Market rankings

49 markets ranked on macroeconomic fundamentals, weighted for industrial. Every score breaks out to its components.

Asset classIndustrial Office Retail Multifamily Land Residential

Market tierAll49Primary49Secondary0Tertiary0

Only 46 of 196 markets have industrial-specific readings. The rest are scored on macro data alone and show it in the Data column.

Rank	Market	Macro	Class	Your read	Score	Direction
1	Salt Lake City, UTprimary	+0.41	+0.64	—	+0.55	Expanding
2	Jacksonville, FLprimary	−0.12	+0.73	—	+0.39	Expanding
3	Austin, TXprimary	+0.23	+0.47	—	+0.37	Expanding
4	Seattle, WAprimary	+0.09	+0.43	—	+0.29	Expanding
5	Kansas City, MOprimary	+0.08	+0.41	—	+0.28	Expanding
6	San Antonio, TXprimary	−0.01	+0.39	—	+0.23	Flat
7	San Jose, CAprimary	−0.19	+0.40	—	+0.16	Flat
8	Dallas, TXprimary	+0.23	+0.07	—	+0.13	Flat
9	Nashville, TNprimary	+0.12	+0.10	—	+0.11	Flat
10	Las Vegas, NVprimary	+0.02	+0.13	—	+0.08	Flat
11	Fresno, CAprimary	+0.06	+0.09	—	+0.08	Flat
12	Columbus, OHprimary	−0.10	+0.20	—	+0.08	Flat
13	Raleigh, NCprimary	+0.30	−0.08	—	+0.07	Flat
14	Cincinnati, OHprimary	+0.15	+0.02	—	+0.07	Flat
15	Houston, TXprimary	+0.08	+0.06	—	+0.07	Flat
16	Providence, RIprimary	+0.06	—	—	+0.06	Flat
17	Minneapolis, MNprimary	−0.20	+0.22	—	+0.05	Flat
18	Miami, FLprimary	+0.15	−0.04	—	+0.04	Flat
19	Charlotte, NCprimary	+0.10	−0.02	—	+0.02	Flat
20	Boston, MAprimary	+0.01	—	—	+0.01	Flat
21	Tampa, FLprimary	+0.10	−0.06	—	+0.00	Flat
22	St. Louis, MOprimary	−0.03	+0.02	—	+0.00	Flat
23	Phoenix, AZprimary	−0.16	+0.10	—	−0.00	Flat
24	Oklahoma City, OKprimary	−0.11	+0.02	—	−0.03	Flat
25	Cleveland, OHprimary	−0.04	—	—	−0.04	Flat
26	Memphis, TNprimary	−0.33	+0.08	—	−0.09	Flat
27	Orlando, FLprimary	+0.24	−0.32	—	−0.09	Flat
28	Baltimore, MDprimary	+0.11	−0.25	—	−0.10	Flat
29	Philadelphia, PAprimary	+0.16	−0.29	—	−0.11	Flat
30	Detroit, MIprimary	−0.13	−0.14	—	−0.14	Flat
31	Buffalo, NYprimary	−0.12	−0.16	—	−0.15	Flat
32	Milwaukee, WIprimary	−0.05	−0.26	—	−0.18	Flat
33	Sacramento, CAprimary	−0.37	−0.07	—	−0.19	Flat
34	Atlanta, GAprimary	+0.12	−0.39	—	−0.19	Flat
35	San Diego, CAprimary	+0.01	−0.35	—	−0.20	Flat
36	San Francisco, CAprimary	−0.09	−0.38	—	−0.26	Contracting
37	New York, NYprimary	−0.02	−0.46	—	−0.29	Contracting
38	Riverside, CAprimary	−0.13	−0.40	—	−0.29	Contracting
39	Pittsburgh, PAprimary	+0.03	−0.52	—	−0.30	Contracting
40	Indianapolis, INprimary	−0.33	−0.28	—	−0.30	Contracting
41	Los Angeles, CAprimary	−0.23	−0.36	—	−0.31	Contracting
42	Chicago, ILprimary	−0.28	−0.33	—	−0.31	Contracting
43	Denver, COprimary	−0.27	−0.41	—	−0.36	Contracting
44	Birmingham, ALprimary	−0.12	−0.52	—	−0.36	Contracting
45	Virginia Beach, VAprimary	−0.18	−0.49	—	−0.36	Contracting
46	Washington, DCprimary	−0.40	−0.43	—	−0.42	Contracting
47	Louisville/Jefferson County, KYprimary	−0.22	−0.57	—	−0.43	Contracting
48	Richmond, VAprimary	−0.30	−0.56	—	−0.46	Contracting
49	Portland, ORprimary	−0.38	−0.83	—	−0.65	Contracting

Expanding score at or above +0.25Flat betweenContracting at or below −0.25Data = share of this class’s inputs actually present

Weights for industrial: 30% macro, 45% class-specific, 25% your read. Data as of 2026-09-02.

147 further markets (1 primary, 50 secondary, 96 tertiary) have no readings loaded yet and are not listed. They are not markets that scored badly — nothing has been measured for them.

Rankings are computed from public government data and, where a firm has written one, that firm’s own read of the market. They are an automated indicator, not an appraisal, not investment advice, and not a substitute for underwriting a specific property. Every input and weight is shown so the number can be checked.