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Q3 2019 U.S. Industrial Market Outlook Report

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U.S. Industrial Demand Remains Healthy, but Below Last Year’s Pace

Our latest research report presents the key trends and statistics for the U.S. industrial market. U.S. industrial property fundamentals remain very healthy with record high asking rents and product under construction, however year-to-date overall net absorption is well below last year’s pace. Occupancy gains for the year are 167.4 million square feet, more than 18% lower than the same time a year ago. A variety of factors have contributed to the drop in overall net absorption, including a lack of new inventory in emerging secondary markets and a pick-up in renewals, as occupiers wait to see how trade disputes and a possible economic slowdown impacts retail sales.


Q3 2019 U.S. Industrial Market Outlook Report

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Pete Quinn

National Director, Industrial Services


As National Director of Colliers Industrial Services-USA, Pete Quinn’s role is to strengthen Colliers platform and to collaborate with other key service lines ― Corporate Solutions, Investment Services, Occupier Services Groups, Logistics and Transportation Group ― to deliver a deep bench of logistics and site selection strategies to industrial user-groups and participants in the logistics, transportation and distribution industries.

Pete’s stand-out strengths are his commitment to understand corporations’ broader goals and challenges and then assembling a team of high-octane professionals to drive smart solutions to achieve those goals. During his 30 years in the industry, he has provided consulting and transactional representation for numerous Fortune 500 companies. 

Prior to Colliers, Pete Quinn was a co-founder of Summit Realty Group, an affiliate of Cushman & Wakefield. He then transitioned to join C&W’s Industrial leadership team as Executive Managing Director, Global Supply Chain Solutions and Industrial Operations. He served on its Global Supply Chain Solutions Group and was appointed to its Industrial Executive Board. Early in his career, he was on the developer side, serving as Vice President at Eaton & Lauth Commercial (now Lauth Group).

Notable industry acknowledgements: Recipient of IAMC Michael P. Hickey Award, Largest Deal in the U.S. – SIOR, Largest Deal of the Year – First Industrial, and Hall of Fame inductee of Midwest Real Estate News. 

Pete is a Board Member for IAMC, IWLA, St. Mary's Child Center, Central Indiana Police Foundation and Indiana Sports Corp.  He is the Chairman of the Board of the Boiler Business Exchange. 

Pete is actively involved in his alma mater, Purdue University, where he was a starting offensive lineman for its football team from 1978-1981 and team captain in 1979 and 1980. He was voted to Purdue’s 100-Year All Time Football team and is in his 30th season as Football Color Analyst on the Purdue Sports Radio Network.

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