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2020 Midyear North America Big Box Review and Outlook

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Big-Box Space Remains in High Demand Despite COVID-19 Repercussions

Colliers' Midyear 2020 North America Big-Box Market Report examines the North American big-box industrial market in the first six months of 2020, which includes the seven core North American big-box markets, as well as nine emerging secondary markets. We highlight the fundamentals, take a look at demand factors including demographics and logistics capabilities and assess what lies ahead for the remainder of 2020 and beyond.

While the COVID-19 pandemic negatively impacted the U.S. economy at the start of Q2 2020, the demand for industrial space managed to increase throughout this unique time. The accelerated growth of industrial industries in the U.S. maintained momentum throughout the pandemic, as industrial product – and big-box space, in particular – remained in high demand. Vacancy, transaction volume and product under construction remained relatively flat across the country, while asking rents and net occupancy surged in the first half of 2020.

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Related Experts

Amanda Ortiz

Director, National Industrial Research

Chicago - Rosemont

Amanda Ortiz is the Director, National Industrial Research on the National Marketing & Research team at Colliers. Based in Chicago, Amanda partners with national and local teams to deliver market intelligence initiatives and provide direction to drive national competitive advantage through research strategy, development and analytics.

Amanda possesses comprehensive experience in both database management and trend analysis. Her knowledge of the macro and micro factors affecting the commercial real estate market results in proactively positioned research.

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Jack Rosenberg

Executive Vice President

Chicago - Rosemont

I am a principal of Colliers International specializing in site acquisition, leasing, sales and build-to-suits for industrial users and developers. As the national director of the Colliers Logistics and Transportation Solutions Group Steering Committee (L&T), we deliver focused solutions to the increased challenges of today’s global shipping and transportation community. 

In the last five years, I have completed transactions totaling in excess of $300 million for clients like Best Buy, Bridgestone, Lawson Products, and Arvato Digital Services.

Other accomplishments include:

  • Top 10% producer for all brokers in the Colliers Americas region
  • Named Chicago Industrial Broker of the Year, 1999
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