Theindustrial market is on track to outperform other asset classes inthe next recession. According to a report from JLL, the industrialmarket is stronger this cycle than it was before the FinancialCrisis. Additionally, it will likely perform better than otherasset classes in the next downturn, even if consumer spendingfalls. That is largely because industrial facilities have adifferent drivers than other assets.

"I think the industrial market could be in better shape thanother property types going into the next recession," Paul Sablock,managing director at JLL, tells GlobeSt.com. "While retail dependson physical store sales, and office depends on jobs filling seats,industrial demand is predicated on consumption and getting to theconsumer quickly."

Of course, a recession will put more pressure on industrialassets, and there will be challenges. "These drivers will remain inplace, but any recession results in a pull back in demand andsoftening of fundamentals, so that would likely be the case in L.A.industrial," says Sablock. "This assessment had been the case inall recessions going back to the late 70's but this last one it wasnot.  The last one was the "mother of all recessions" andhopefully this next one, which will occur, will hopefully followclosely to how it had responded in the past."