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Industrial Market Outlook | Q1 2021

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U.S. Industrial Market Rents Hit Highest Price on Record

The accelerated rate of vaccine distribution, fiscal stimulus packages, reopening of establishments and the static level of daily new cases of COVID-19 encouraged economic growth in Q1 as pent-up demand resulted in increased brick-and-mortar sales and overall consumer sentiment. With consumer spending plunging for services yet rising for durable goods, the industrial sector is well positioned to benefit from shifting trends. Reflecting the continued economic recovery, real gross domestic product (GDP) increased at an annual rate of 6.4% in the first quarter of 2021. In the fourth quarter of 2020, real GDP increased 4.3% and economists predict the U.S. GDP growth could exceed China’s in 2021.

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Industrial Market Outlook | Q1 2021

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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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