Q2 2020 Industrial Market Outlook

Download Report
industrial_outlookhero1536x1040
Industrial Sector Shows Continued Momentum through Midyear

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 centers.

industrial_outlooksearch1024x972

Q2 2020 Industrial Market Outlook

Download Report
Related Experts

Pete Quinn

National Director, Industrial

Indianapolis

As National Director of Colliers Industrial Services-USA, Pete Quinn’s 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.

Pete’s stand-out strengths are his 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 his 30 years in the industry, he has provided consulting and transactional representation for numerous Fortune 500 companies. 

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

Notable industry acknowledgements: Recipient of IAMC Michael P. Hickey Award, Largest Deal in the U.S. – SIOR, Largest Deal of the Year – First Industrial, and Hall of Fame inductee of Midwest Real Estate News. 

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

View expert

Amanda Ortiz

Director, National Industrial Research

Chicago - Rosemont

Amanda Ortiz is the Director, National Industrial Research on the National Marketing & Research team at Colliers. Based in Chicago, Amanda partners with national and local teams to deliver market intelligence initiatives and provide direction to drive national competitive advantage through research strategy, development and analytics.

Amanda possesses comprehensive experience in both database management and trend analysis. Her knowledge of the macro and micro factors affecting the commercial real estate market results in proactively positioned research.

View expert