Velocity, volume and asking rents all fell to—or by—record-lows, while the largest amount of supply became available in over a decade.

JLL is one of the world's largest publicly traded commercial real estate brokerage companies.

"There is absolutely a need for centrally located fulfillment centers and distribution facilities, and we believe that some vacant warehouses can provide a good opportunity for that type of repositioning."

Amazon led the way transacting more than 26.9 million square feet during the first half of 2020.

Results for the third quarter appear positive, though other metrics for apartments activity were mixed.

The L.A.-based investment firm will close on $375 million in acquisitions in October and put a $1.2 billion multifamily portfolio on the market.

Adaptive reuse is particularly powerful in sparking future revitalization and inspiring new growth.

"Our offices in smaller cities and suburbs are reporting enhanced activity from out-of-state investors and companies that are either looking to relocate or at the very least, downsizing their urban footprints for satellite offices nearby."