New deliveries slow as vacancy decreases slightly
With the United States feeling the impact of the global pandemic for seven months, it is encouraging to see the Southeastern Wisconsin industrial market indicators remain strong. The last few months have brought uncertainty and a period of pause across the market. Demand initially dropped, with many occupiers electing to wait until they better understand how their realities might change, however, it now appears real estate decisions are still being made and many operations are continuing as normal. While market indicators may currently spark optimism, the negative impacts of the pandemic have been seen in some areas of the market and are expected to become more evident in the market data later this year.