National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Industrial Forecast for 2019: “Robust” Occupier Demand
Will industrial and logistics supply catch up with demand in 2019? Don’t bank on it, says CBRE.
“The integration of retail and logistics real estate continues apace, with e-tailers looking for physical outlets and traditional retailers strengthening their online channels and restructuring their warehousing footprints,” according to CBRE’s 2019 outlook report for the sector.” As a result, the firm sees “robust occupier demand” continuing this year.
That being said, occupiers’ space options will be limited by low vacancies and restrained new construction, CBRE says. Accordingly, expect the pace of absorption to taper and asking rents to increase.
“The contentious international trade environment” remains top of mind for many in the I&L sector domestically, according to CBRE’s report. Near term, though, it’s likely that imports won’t level off, thanks to continued strength in employment, hiring, the dollar and consumer confidence.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Lease
