Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today.
NAIOP, the Commercial Real Estate Development Association, has selected five professionals to receive its prestigious 2020 Developing Leaders Award. The annual award honors up-and-coming professionals under the age of 35 for their remarkable professional accomplishments, strong leadership and significant community involvement. The winners will be recognized during NAIOP's CRE.Converge Virtual 2020, Oct. 7-8.
Industrial real estate has looked unbeatable over the last few months, and the coronavirus pandemic has prompted a slew of predictions about the future of e-commerce: that consumers won’t go back to brick-and-mortar, or that retailers will start using warehouses to stockpile supplies for another crisis, boosting industrial demand higher than we’ve ever seen.
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