“Very little product will come to the market between now and year-end, as election uncertainty pushes sellers to delay launching new sales until 2013,” said John Huguenard, international director and leader of the firm’s Industrial Capital Markets team. “With improving industrial fundamentals and the election behind us, we expect a very strong 2013, with a great deal of activity in the first quarter, particularly.”

For its part, JLL’s Industrial Capital Markets team is forecast to close on more than 30 million square feet of transactions by the end of the year. It completed more than 18 million square feet in sales as of Oct. 1, with another 14 million square feet either under contract or being actively marketed.

Huguenard, Managing Director Mike Hochanadel, Executive Vice President Peter Harwood, and Vice President Sean Devaney led the Jones Lang LaSalle team on the year-to-date transactions

“Strengthening fundamentals along with declining vacancy rates for bulk product all bode well for the industrial sector,” added Huguenard. “We’ve seen nine consecutive quarters of positive absorption, with the main drivers being e-commerce, food and beverage distribution, third-party logistics providers and consumer goods and manufacturing. There’s nothing quick about this recovery, but it is solid and should continue to improve into 2013.”

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Last year Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm executed $52 billion in global investment sales and buy-side transactions. In the US, JLL grew its total capital markets volumes by 122% in 2011. The firm’s ccapital markets team comprises more than 1,200 specialists worldwide.