Q2 2019 U.S. Industrial Market Outlook Report

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U.S. Industrial Fundamentals Remain on Solid Ground Heading into the Second Half of 2019

Our latest research report presents the key trends and statistics for the U.S. industrial market. The U.S. industrial market remains on solid ground with record low vacancies and record high asking rents. E-commerce has the industrial real estate market firing on all cylinders, creating robust demand for big-box buildings, final-mile distribution centers, flex space, and in certain parts of the country, manufacturing facilities. As we turn to the second half of 2019, many factors continue to support positive absorption, robust development and escalating rents. With online sales projected to continue its rate of ascent, occupiers will increase warehouse locations to lower haul lengths, and thus transportation costs and time to consumers. Occupiers will focus expansion to markets near major distribution hubs and growing population centers throughout the country.


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Q2 2019 U.S. Industrial Market Outlook Report

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About the Authors
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Pete Quinn

National Director, Industrial

Indianapolis

As National Director of Colliers Industrial Services-USA, my role is to strengthen Colliers platform and to collaborate with other key service lines ― Corporate Solutions, Investment Services, Occupier Services Groups, Logistics and Transportation Group ― to deliver a deep bench of logistics and site selection strategies to industrial user-groups and participants in the logistics, transportation and distribution industries.

I consider my stand-out strengths to be my commitment to understand corporations’ broader goals and challenges and then assembling a team of high-octane professionals to drive smart solutions to achieve those goals. During my 30 years in the industry, I have provided consulting and transactional representation for numerous Fortune 500 companies. 

Prior to Colliers, I was a co-founder of Summit Realty Group, an affiliate of Cushman & Wakefield. I then transitioned to join C&W’s Industrial leadership team as Executive Managing Director, Global Supply Chain Solutions and Industrial Operations. I also served on its Global Supply Chain Solutions Group and was appointed to its Industrial Executive Board. Early in my career, I enjoyed the developer side, serving as Vice President at Eaton & Lauth Commercial (now Lauth Group).

Notable industry acknowledgements include:  SIOR Largest Industrial Deal in the U.S., First Industrial Largest Deal, and Hall of Fame inductee of Midwest Real Estate News. 

I am actively involved in my alma mater, Purdue University, where I was a starting offensive lineman for its football team from 1978-1981 and team captain in 1979 and 1980. I was voted to Purdue’s 100-Year All Time Football team and am in my 26th season as Football Color Analyst on the Purdue Sports Radio Network.

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James Breeze

National Director of Industrial Research

Phoenix

James Breeze currently serves as the National Director of Industrial Research for Colliers. He brings nearly 15 years of industry research expertise, and focuses on analyzing industrial property trends and compiling Colliers’ thought leadership, and is also a resource to Colliers’ brokers and clients.

Prior to joining Colliers James worked for another international real estate firm. Working there for over a decade he honed his craft and developed a deep understanding of commercial real estate.

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