Industrial Outlook Calls for Steady Growth in 2020
September 13, 2019 | Gail Kalinoski | Commercial Property Executive
Despite concerns about the long-term impact of tariffs and the potential for an economic downturn, the outlook for the U.S. industrial sector heading into 2020 remains positive, according to industry executives who spoke at the recent Avison Young U.S. Industrial Summit in Chicago.
The sector experts cited low vacancy rates and rising rental rates among reasons why industrial is expected to remain one of the top commercial real estate investment classes. Erik Foster, Avison Young principal & leader of the firm’s U.S. industrial capital markets group, also pointed to corporate supply chain expansion and the sector’s ability to generate stable returns without the volatility seen in some other asset classes.
Foster noted in a statement about the summit that industrial investors are focusing on reducing risk and returning to core investments that provide steady income growth. The two-day summit was attended by Avison Young real estate professionals and leaders from global supply chain, development and investment firms.
