Industrial analysis, from market structure to property evidence
Original SpanVor work across logistics, small-bay and flex, development, tenants, capital markets, investment strategy, and the methods behind the data.
Featured SpanVor research
Field reports with the evidence attached
The current flagship series examines small-bay tenants, construction, underwriting, and public loan-tape performance. Broader industrial market and Supply/Demand work is organized through the same editorial taxonomy.
New CMBS report
Small-Bay Earns More Per Foot
The income-density premium is real. The expense line determines how much an owner keeps.
New tenant field report
Who Rents Small-Bay Industrial?
The work behind the bay doors—and what it changes about property, tenant, and capital underwriting.
Investor primer
Small-Bay Industrial: The Investor Primer
The thesis, supply constraints, physical utility, operating model, risks, and a practical diligence framework.
Construction report
Metal Is Not a Four-Letter Word
Why the photograph can receive a discount before anyone underwrites the frame, roof, or building system.
“IOS Is Permitted” Isn’t Enough: Why Zoning Path Matters
Outdoor storage may be by-right, conditional or accessory. Learn how the zoning path changes the timeline, risk and value of a DFW IOS property.
The Data Center Gets the Headlines. The Halo Leases the Yards and Bays.
Data centers create a temporary construction wave and a durable operations halo. Here is what that means for small-bay, flex and IOS.
Phoenix Is Growing West. Its Small-Bay Leasing Market Still Leans East.
SpanVor reviewed more than 500 Phoenix-area industrial and flex offerings. The data reveals East Valley depth, a Scottsdale premium and a West Valley small-bay question worth watching.
Atlanta's Small-Bay Market Is a Highway System, Not a Rent Average
Atlanta small-bay asking rents step down from GA-400 to the airport southside. The region's highway and freight geography explains why.
South Florida Is Expensive at Both Ends—and Cheaper in the Middle
South Florida small-bay asking rents form a barbell: Miami-Dade and Palm Beach price well above Broward for comparable suites.
Florida’s $24,000 Small-Bay Geography Gap
A 3,000-SF bay carries a roughly $24,000 annual advertised base-rent gap between Jacksonville and South Florida. Here is the four-market breakdown.
The Austin–San Antonio Megaregion Is Emerging. Its Leasing Market Is Not One Market.
Two metros, 5.43 million people and a fast-filling middle. Here is why the I-35 corridor is becoming its own small-bay market.
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