The COVID-19 pandemic has clearly favored industrial real estate even while posing challenges to many other sectors. Industrial demand continues to rise. Development pipelines are expanding, as most markets report a shortage of modern industrial facilities. Rents are rising. Investor demand is up. Prices are escalating and cap rates are compressing, wrote Garrick Brown, Newmark’s managing director of Western Region research, who authored the report The eCommerce Evolution: Industrial Demand and the Final Mile.
Since 2010, the U.S. industrial market has absorbe