Invesco: Potential bright spot in industrial REITs
The industrial sector in the United States outperformed the broader REIT sector in each of the last four years and has continued to perform well right up to the market collapse in February, wrote John Corcoran, senior client portfolio manager at Invesco, in his blog.
There are several reasons for this strong performance. For one thing, e-commerce providers have started competing on the speed of delivery, causing end customers to demand faster deliveries to the home and office. This has created a huge demand for supply-chain densification and more sophisticated distribution networks, which, in turn, require the use of highly efficient and well-located industrial assets. In addition, the limited supply of high-value distribution and fulfillment centers near large population areas has pushed up occupan