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.
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.
