CHICAGO—Largely driven by the expansion of e-commerce, and the subsequent need to reconfigure the supply chain, the US industrial market has outperformed the overall economy since at least 2011. And as the New Year approaches, most experts don't believe the sector will experience a slowdown, at least in the short-term.
“It's hard for anyone to fully predict economic outcomes at this point,” John Morris, head of Cushman & Wakefield's logistics and industrial services practice in the Americas, tells GlobeSt.com. But whatever uncertainty has arisen due to the election, the demand for new distribution and warehouse space shows every sign of continuing.
C&W typically winds up its meetings with clients hunting for new space in the first few months of the year by Thanksgiving, he says. This year, however, “we had meetings scheduled all the way through Christmas.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
