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Research - OCTOBER 13, 2020

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Industrial continues strong performance throughout 2020

by Released

Demand remained strong in U.S. industrial markets, with three consecutive quarters of positive absorption in excess of 45 million square feet, bringing the year-to-date total to 159 million square feet — nearly on par with the 160 million square feet reported in third quarter 2019, according to Cushman & Wakefield.

“These positive numbers are another sign of industrial resiliency and shows that there is still demand for space in the industrial market, even in uncertain times,” said Tray Anderson, Cushman & Wakefield’s head of industrial and logistics. “With the continued backing and strength of ecommerce, the market managed to accelerate through the first three quarters of 2020 without missing a step.”

The supply of new industrial space also performed strong in the third quarter, with new deliveries reaching 250.3 million square feet year-to-date — an 8.1 percent increase over the 231.5 million square feet reported as of third quarter 2019. Slight

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