The Louisville industrial market recorded the highest quarter of positive net absorption in market history in the second quarter of 2018.

  • The 1.46 million sq. ft. build-to-suit distribution building for Grainger was completed.
  • Net absorption was 2,652,833 sq. ft. for the market.
  • Vacancy rate fell by 100 bps to 6.2%.
  • Average asking lease rate rose $0.04 per sq. ft. to $3.69 per sq. ft.
  • Sazerac Company purchased the 455,000 sq. ft. former Pillsbury Plant in Southern Indiana for a bottling plant.