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Q3 2020 Industrial Market Outlook

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U.S. Industrial Market Shows Growth in the Third Quarter

The latest report explores the current U.S. industrial market and predicts what the rest of 2020 may bring. At the end of the third quarter, U.S. industrial property fundamentals remained healthy, with minimal disruptions to the current growth trajectory. Overall net absorption remained positive, with occupancy gains of nearly 165 million square feet year-to-date, 3.3% higher than the same period a year ago. Healthy levels of new supply and increased demand for personal consumption items online helped maintain momentum in the industrial sector during the third quarter.

The upcoming holiday shopping season will be a key for what kind of momentum the U.S. sees in 2021. Overall retail sales were up 1.9% in September, much higher than original estimates suggested. Sales rose in every major category, except for electronic and appliance stores, which fell by 1.6%. These retail figures should encourage demand for warehouse distribution space in the coming months, given the continued growth of e-commerce. E-commerce growth continues to be a driving factor for industrial demand, as the pandemic has accelerated the trend of increased online sales by a few years.


Q3 2020 Industrial Market Outlook

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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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