The US Industrial Real Estate Outlook.... The Cliff Notes Version:

The number one question the occupiers and landlords are continually asking...What is happening and what will the future hold for Industrial Real Estate?

Short Term sentient:

1. Leasing activity will decline across the board
2. Vacancy rates will moderately increase due to new construction
3. Occupiers will focus on short term space and renewals
4. Large disparity in demand between food users who distribute to grocery and restaurants.
5. Super regional hubs will become more super in terms of share and market activity

Future Growth Predictions:

1. E-commerce as a % of Retail sales will increase much faster than expected
2. Higher inventories on hand will be prevalent, increasing demand near logistics hubs.
3. Supply chains will diversify leading to more reshoring in North America
4. Massive amounts of Big Box and Final Mile New Construction will be needed over the next decade.