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How Strong Is Industrial Real Estate?

Wondering just how strong industrial real estate is nationally? Take a look at this article from Commercial Property Executive Excellent overview by CP Executive and JLL’s Trent Agnew.  Quick takeaways:

  1. Due to capital market sales, $20B less traded in 2020 than 2019.
  2. 524M square feet leased in Q4 20 alone!
  3. 5.4% national vacancy rate.
  4. 327M SF of new construction in 2020.
  5. Cap rates on investment sales continue to decrease.
  6. More of the same expected in 2021.
    1. Class B market continues to be highly sought (in attractive markets).
    2. More e-commerce expansion.

Additional personal opinion in southern New England for 2021…

  1. Lack of inventory could squeeze 2021 results.
  2. e-commerce, while still active, might be less so in 2021 (warehouse slack, alternative solutions).

See full Commercial Property Executive article: Just How Strong Is Industrial Real Estate?

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