North American Demand for Big-Box Facilities Remains High in the First Half of 2017
Presented by Colliers the Industrial Logistics & Transportation Solutions 2017 Midyear Big-Box Review and Outlook offers an overview of North American big-box activity in the first half of 2017.
Key takeaways from this report include:
- Driven by the growth of e-commerce, the North American big-box sector kicked off 2017 with vacancy rates at all-time lows and asking rents and under-construction product at all-time highs. At midyear 2017, leasing activity and net absorption are near the pace of the same period in 2016.
- On the investment side, big-box capitalization rates remained at a record-low 5% in the first half of the year. While demand remains strong in core markets, the decreased amount of big-box product to purchase in these areas has pushed investors into secondary markets.
- As we look ahead, the big-box sector seems poised for continued growth because of a strong U.S. economy, robust seaport activity and the rise of e-commerce, which should keep fundamentals strong for the foreseeable future.
Click the button above for insights into the key statistics, major industrial logistics drivers, and outlooks for seven major big-box markets and seven secondary big-box markets:
- Dallas-Fort Worth
- East Bay-Central Valley
- Eastern Pennsylvania-Southern New Jersey
- Inland Empire
- Kansas City
- Northern-Central New Jersey
Thank you to Colliers for the feature!
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