By Amanda Ortiz
Our latest report takes an in-depth look at the current state of the U.S. industrial market and explores what the rest of 2020 may bring. New industrial supply delivered during the first half of the year is up 33.5% from the same period last year, and while vacancy is trending upwards, the industrial market remains relatively tight with persistent demand in core markets. Construction delivery has also remained robust, with development activity nearly equaling product under construction at midyear 2019.
While the overall outlook for the industrial sector remains positive, the ongoing pandemic will cause lasting changes to the economic status in the U.S. that could affect activity in the second half of the year. Nevertheless, the future of e-commerce should have the industrial real estate market on solid footing through year-end with sustained demand for big-box buildings and final-mile distribution center
Ward Richmond has over twelve years of experience specializing in industrial real estate, and has negotiated over 500 transactions while working in over 100 cities across the USA, Canada, and Mexico. Several publications have featured Ward for his expertise in this field including the Wall Street Journal, Dallas Morning News, and Dallas Business Journal. He also serves on Colliers International Industrial Advisory Board, and is a member of the Logistics & Transportation Solutions Group.
Client Services Specialist
ON THE ROAD AGAIN
Oct 14-15, 2020: Colliers International Conference, Nashville, TN
The Gladiator Group is supported by Colliers International Research Team
CONTACT WARD RICHMOND AT:
Email [email protected]