Industrial

U.S. industrial rents grew 5.1% Y-o-Y in 2020, to $6.44 per sq. ft. in January 2021. By February 2021, 27.8 million sq. ft. of new stock was delivered.

E-commerce fueled demand for industrial space causing rents to grow 4.8% Y-o-Y in December 2020 and sale prices to grow 7.8% over the course of the year. More new industrial space was constructed – 228.4 million square feet – than at any other time this century.