Syracuse Industrial Market Report
By CREhunt Research · Data through Q4 2025 · Aggregated from Cushman & Wakefield
Quarterly industrial market indicators for Syracuse, aggregated by CREhunt from Cushman & Wakefield. As of Q4 2025, vacancy was 16.2%, per Cushman & Wakefield.
Projected current industrial pricing — Syracuse
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Syracuse industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2024 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~97% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2025 Cushman & Wakefield | — | 16.2% | — | — | Cushman & Wakefield |
| Q2 2024 Cushman & Wakefield | $6.99/SF/yr | 3.4% | -125K SF | — | Cushman & Wakefield |
| Q4 2022 Cushman & Wakefield | $5.48/SF/yr | — | 155K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in Syracuse?
- CREhunt aggregates industrial asking-rent data for Syracuse from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Syracuse?
- The industrial vacancy rate in Syracuse was 16.2% as of Q4 2025 (Cushman & Wakefield).
- Where does CREhunt's Syracuse market data come from?
- This report aggregates quarterly industrial market data for Syracuse from Cushman & Wakefield.