Menu
Menu

2020 North American Industrial Outlook

Home » 2020 North American Industrial Outlook

On February 4th, 2020

2020 North American Industrial Outlook

Industrial cooled off in 2019 – Will it heat back up?

Over the next couple of years, we expect industrial to remain one of the leading product types to watch.


The forecast for North American industrial absorption in 2020-2021 is a healthy 459.9 msf. Economic indicators, with strong links to industrial fundamentals, point to continued growth in 2020 and 2021. Industrial has been the investors’ darling in recent years, and there is no indication of this love affair coming to an end any time soon. Over the next couple of years, we expect it to remain one of the leading product types to watch:

  • Supply levels are projected to reach 573.4 msf from 2020 to 2021. Nonetheless, vacancy will remain anchored around the 5% mark.
     
  • Asking rents are expected to increase by 6.8% and reach a new nominal high of USD $6.95 psf by year-end 2021.
     
  • Trade policy remains the most fluid aspect of the near-term outlook. The ratification of USMCA in the U.S. and the agreement on a Phase One deal between the U.S. and China are positive developments.
     
  • We expect underlying industrial market liquidity to continue to grow as investors seek to deploy record levels of capital with an increasingly favorable allocation directed towards industrial assets.

Drill down into local market fundamentals using our interactive map or hear insights and perspectives from our thought leaders in our upcoming webinar, Feb. 13th at 1:00 EST

Learn More Here

bakersfield office

5060 California Ave
Suite 1000
Bakersfield, Ca 93309
(661) 327-2263
Brokerage License # 01919464

boise office

999 West Main Street
Suite 1300
Boise, ID 83702
(208) 287-9500
Brokerage License # LC45095

fresno office

9 River Park Place East
Suite 101
Fresno, Ca 93720
(559) 433-3500
Brokerage License # 01919464

About us

PACCRACushman & Wakefield

our services

BakersfieldBoise
Fresno

OUR PROFESSIONALS

BakersfieldBoise
Fresno

contact us

careers

PROPERTIES

All ListingsIndustrial For SaleIndustrial For LeaseOffice For SaleOffice For LeaseRetail For SaleRetail For LeaseMulti-family For SaleLand For Sale

MEDIA

NewsMarket ReportsIndustrial BlogVideos

Copyright © 2018 Cushman & Wakefield | Pacific Commercial Realty Advisors. All rights reserved.