Plain English before precision theater.

These definitions explain what SpanVor’s public numbers include, what they exclude, and which measures should never be added together.

Definitions

The words behind the numbers.

Market-specific disclosures control when a local source system requires a narrower definition than this national glossary.

Industrial property: A property record classified within SpanVor’s industrial universe from public property, land-use, building, and related evidence. It is a tracked record—not a claim that every U.S. industrial asset is represented.
Small-bay / flex property: An industrial property whose building scale and available evidence place it in the small-bay or flex universe. This is a property-level classification; it does not state the size of every suite.
Large industrial property: A property with known building area above the current small-bay property threshold. A multi-building business park may still operate like small-bay even when its total property area is large, so project-specific analysis can differ.
Unknown-size industrial property: An industrial property without a usable building-area value. It remains in the property count and outside building-area segmentation until a defensible value is available.
Tracked building area: The sum of usable building-area values on included records. It is not lot area, leasable suite area, occupied area, or currently available space.
Identified tenant record: A property-by-business observation after within-property normalization. It is not necessarily a unique legal company, verified current occupancy, or executed lease.
IOS candidate: A property whose land, use, or improvement pattern may support industrial outdoor storage. Candidate status is a research signal, not confirmation that outdoor storage is permitted, improved, available, or occupied.
Development project: A reconciled physical development identity supported by one or more reviewed public planning, permitting, inspection, occupancy, or development records. Repeated filings should not be counted as repeated projects.
Supply lead: A raw or lightly reconciled indication of possible industrial development. A supply lead is not interchangeable with a reviewed project and is excluded from reviewed project totals unless admitted by the release contract.
Under development / current: A project with evidence of current construction, active permit progression, inspection activity, or another market-specific active lifecycle state. Exact rules may vary with the source system and are disclosed on the market page.
Planned: A project supported by proposed, submitted, entitled, approved, or pre-construction evidence without qualifying evidence that physical construction is underway. Planned does not mean guaranteed.
Recently completed: A project whose completion evidence falls within the release’s stated lookback window. Completed projects stay outside current-plus-planned pipeline totals.
Measured metro: A reviewed market cohort whose published total follows the stated metro coverage contract. It does not mean that every possible record source exists or that every project has every field.
Measured authority subset: A valid count for the named acquired jurisdictions or public authorities. It must not be quoted as a complete metro total.
Coverage denominator: The full set against which field completeness or publication coverage is calculated—for example, properties with known size divided by all tracked properties.
Unavailable: The source or reviewed release does not support the metric. SpanVor uses unavailable instead of displaying a misleading zero.

InventoryU.S. property statistics

See the glossary applied to the existing-property universe.

Open statistics →DevelopmentU.S. pipeline

See measured markets and bounded authority cohorts.

Open pipeline →Deeper methodsSpanVor trust center

Read sourcing, freshness, quality, editorial, and correction standards.

Open methodology →