Predictions of a downturn hitting next year are increasing, but are developers making any changes to strategy? According to CapRock Partners, the answer is no. The industrial developer remains bullish on the market through 2020, and isn't making any major strategic changes in anticipation of a downturn. It plans to continue to focus on development in its core markets.

"CapRock Partners is optimistic about the growth opportunities in our target markets: California, Arizona and Nevada," Jon Pharris, co-founder and president at CapRock Partners, tells GlobeSt.com. "The port markets of Los Angeles and Long Beach have always been a core focus of the company's investment strategy, and we see their activity as primary drivers for overall U.S. economic growth—especially with the explosive emergence of e-commerce this decade," he says.

The port effect and its economic benefits extend to Las Vegas and Phoenix, which made them logical areas for CapRock's expansion beyond California this year, he adds. "As e-commerce becomes further immersed into our daily lives and we rely more heavily on same and next-day delivery, the demand for more new, modern and efficient warehouse facilities located in urban centers and along key transportation routes, will continue to grow."