Investors and tenants are adapting to new realities in the U.S. industrial real estate market. Anthony Bergeman, SIOR, executive vice president at DAUM Commercial Real Estate Services, in an interview with IREI, discusses how macroeconomic forces, trade policies and shifting global supply chains are shaping market behavior. He highlights the sector’s uneven performance across regions, noting that while elevated interest rates and tariff uncertainties have slowed tenant activity and new construction, long-term demand drivers — such as ecommerce growth and domestic manufacturing — remain strong.
How would you describe the current state of the U.S. industrial real estate market? How have recent trade policies, tariffs and global supply-chain disruptions impacted tenant location decisions?
Industrial real estate performance is highly market-specific, with some locations performing much better than others based on factors like supply, infrastructure a
