Shallow Bay Chalamet & Fugazi First Positions: Partnership with The Promote

We’re unveiling our first installment of our partnership with The Promote.

Check out the CompStak data covering Shallow Bay industrial market stats.

Key Stats

• 2025 YTD Average Starting Rent Premium over Bulk: 28%
• 2025 YTD Average Effective Rent Premium over Bulk: 31.3%

• -1.7% Change in Q2 2025 Shallow Bay Starting Rent since Recent Peak in Q1 2025
• -3.5% Change in Q2 2025 Shallow Bay Effective Rent since Recent Peak in Q4 2024
• +6.1% Shallow Bay Starting Rent Change YOY
• -0.4% Shallow Bay Effective Rent Change YOY

• Average Shallow Bay Lease Term vs. Bulk: 12.7% Shorter in Q2 2025
• –10.3% Change in Average Small Lease Term since Recent Peak in Q2 2022
• -4.6%  Change in Lease Term Length YOY, Q2 2025 vs. Q2 2024
• Average Work Value Ratio to Total Deal Value, Q2 2025: Bulk 8.2%,  Shallow Bay 5.6%
• Average Free Month Ratio of Lease Term, Q2 2025: Bulk 4.9%,  Shallow Bay 3.7%

TOP Q2 2025 SHALLOW BAY INDUSTRIAL LEASES

Stay tuned for more from this collaboration! Check out the full Ten31 newsletter for this edition.