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.
