U.S. Industrial Real Estate: A Positive 2020 Outlook
Posted By Staff Writers On October 7, 2019 @ 7:00 am
According to RE Journals in its recap of the Avison Young U.S. Industrial Summit, the future of industrial real estate is positive with low vacancy rates and rising rents.
Markets expected to perform well into 2020 include California’s Inland Empire, Dallas, New Jersey/New York City, Seattle, Chicago, Miami and Atlanta, among others.
“The Seattle, Los Angeles, Miami, Oakland and New Jersey markets, for example, have seen record growth and offer stability for the long-term, even if an economic downturn occurs,” said Jim Clewlow, CenterPoint Chief Investment Officer.
CenterPoint is fully invested in these markets and has an active presence in strategically located ports and distribution hubs throughout the nation.
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