Highlights from Cushman & Wakefield’s North American Industrial Outlook
C&W expects the North American industrial market to remain one of the leading product types to watch.
Cushman & Wakefield recently published its 2020 North American Industrial Outlook report.
The brokarge firm forecasts North American industrial
absorption in 2020-2021 will be a healthy 459.9 million sq. ft.
Industrial has arguably been the hottest
commercial real estate sector in recent years. And signs point to that run continuing at least in the short term of the next two years.
Some highlights from C&W’s findings include:
Supply levels are projected to reach 573.4 million sq. ft. from 2020 to 2021. Nonetheless, vacancy will remain anchored around the 5 percent mark.
Asking rents are expected to increase by 6.8 percent and reach a new nominal high of $6.95 per sq. ft. by year-end 2021.
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Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.
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