Colliers International - U.S. Research Report - Industrial Market Outlook Q1 2017

Colliers International - U.S. Research Report - Industrial Market Outlook Q1 2017


July 2017

Industrial Market Strong Despite a Break From Record Activity

U.S. e-commerce sales grew 15% in Q1 2017 over Q1 2016 and now represent 8.5% of total retail sales. E-commerce will continue to be a driving force for industrial real estate in 2017. At the end of Q1 2017, only 5.4% of the nation’s industrial space was vacant — the lowest rate on record despite 55 million square feet of new supply completing in Q1. Product under construction declined from its record levels at year-end 2016 to 198 million square feet in the first quarter.

 

Keywords: Colliers, Industrial, Market Conditions, 2017

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