CHICAGO—The US industrial sector looks set to have another record-setting year, according to commercial real estate services firm Cushman & Wakefield. The company released its third quarter research findings yesterday, reporting significant absorption and low vacancies, both of which are placing upward pressure on rents in most major industrial hubs. Furthermore, the rise of e-commerce may put off a downward turn in the cycle for an extended period.

“This has been a fairly healthy and long cycle,” John Morris, logistics and industrial services lead, Americas, Cushman & Wakefield, tells GlobeSt.com. But even though the good times have now stretched out for several years, “there is still a lot of net new development, much of it driven by e-commerce.”

Perhaps just as important, developers have launched new construction projects at “a pace that won't result in oversupply. Builders have a measured approach to replenishment that is different from the last cycle. We have overall a balanced market. And as long as that balance remains the fundamentals will stay healthy.”