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US INDUSTRIAL MARKETBEAT REPORT Q4 2020

Commercial Real Estate Services » US INDUSTRIAL MARKETBEAT REPORT Q4 2020

On January 15th, 2021

Posted In:
Market Reports

US INDUSTRIAL MARKETBEAT REPORT Q4 2020

DEMAND:

The U.S. industrial market finished the year remarkably strong with 89.8 million square feet (msf) of net absorption, the strongest single quarter ever recorded. This brought the year-to-date (YTD) total to 268.4 msf, surpassing the 240.9 msf reported at year-end 2019 by 11.4%. Warehouse/distribution space proved to be the strongest secondary type, carrying the U.S. industrial market through the year, absorbing 267.4 msf. The overall total was brought down slightly due to manufacturing and high-tech space ending the year with negative absorption. Of the 80 markets tracked by Cushman & Wakefield, seven markets saw more than 10 msf of positive net absorption, and 17 markets registered over 5.0 msf of positive net absorption by year-end.

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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

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