U.S. industrial market poised for an even stronger 2015
Every dog — and property type — has its day. This day belongs to the industrial sector.
Not only was industrial the top-performing property type of 2014, it is poised to become even stronger during 2015. The former statement is based on the NCREIF Property Index, which reported that industrial returned 13.4 percent to investors in 2014, more than any major property type. The latter statement is according to CBRE Research and its 2015 U.S. Industrial Outlook.
CBRE reports the U.S. industrial real estate market is poised to continue its outperformance in 2015, with demand again projected to outpace supply. In other words, availability will decline, rents will rise, and prudent industrial investors will be enriched.
“There is still plenty of upside for the industrial market, particularly for rental growth,” says Scott Marshall, executive managing director of industrial services at CBRE. “Both cyclical demand drivers — GDP growth, expanding manu