2020 North American Industrial Outlook
Industrial cooled off in 2019 - Will it heat back up?
Join Cushman & Wakefield’s Research professionals as they discuss the fundamentals underpinning the North American economy and industrial property market, offer guidance on key trends to watch, and share their outlook for 2020-2021.
What to watch:
Supply levels are projected to reach 573.4 msf from 2020 to 2021. Nonetheless, vacancy will remain anchored around the 5% mark.
Asking rents are expected to increase by 6.8% and reach a new nominal high of USD $6.95 psf by year-end 2021.
Trade policy remains the most fluid aspect of the near-term outlook. The ratification of USMCA in the U.S. and the agreement on a Phase One deal between the U.S. and China are positive developments.
We expect underlying industrial market liquidity to continue to grow as investors seek to deploy record levels of capital with an increasingly favorable allocation directed towards industrial assets.