Q3 2019 U.S. Industrial Market Outlook Report

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U.S. Industrial Demand Remains Healthy, but Below Last Year’s Pace

Our latest research report presents the key trends and statistics for the U.S. industrial market. U.S. industrial property fundamentals remain very healthy with record high asking rents and product under construction, however year-to-date overall net absorption is well below last year’s pace. Occupancy gains for the year are 167.4 million square feet, more than 18% lower than the same time a year ago. A variety of factors have contributed to the drop in overall net absorption, including a lack of new inventory in emerging secondary markets and a pick-up in renewals, as occupiers wait to see how trade disputes and a possible economic slowdown impacts retail sales.

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Q3 2019 U.S. Industrial Market Outlook Report

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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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