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U.S. Industrial “Well Positioned” to Weather Current Disruption

With COVID-19 not yet in the rear-view mirror, it’s too early to accurately predict the economic path forward, says Cushman & Wakefield. However, the firm says in its latest report, “it is clear that the U.S. industrial market is well positioned to weather the current disruption.”

Years of conservative development and historically strong absorption have provided the U.S. industrial market “its strongest footing ever heading into an economic slowdown, Cushman & Wakefield’s Jason Tolliver and Carolyn Salzer write in the firm’s Q1 2020 Industrial Snapshot. “At 4.9%, vacancy remains anchored near the all-time low of 4.8%.”

As a frame of reference, first-quarter vacancy is 300 basis lower than prior to the Global Financial Crisis and 160 bps below the rate before the dot-com collapse of the early 2000s.

Importantly, Cushman & Wakefield points out, “This is also the first slowdown where c-commerce will be an active driver of demand.”

Pictured: Palmetto Logistics Park, near Atlanta.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).