A new report from the REIS team at Moody’s Analytics says to expect a delay before any slowdown in the industrial real estate market surfaces in the wake of the COVID-19 pandemic since leases are locked in and the economic slowdown’s impact on trade has thus far been ambiguous.

“But to be sure, the shutdown in the economy will still hurt the industrial sector, and significant new construction that had been underway will only compound the problem,” wrote Barbara Byrne Denham, a senior economist in the research and economics department at REIS. The report, subtitled “Calm before the Storm,” forecasts the completion of 111 million new square feet of industrial space coming online in 2020 despite construction delays caused by the coronavirus. That number is down from 148 million square feet of new industrial space completed in 2019, but could still contributed to a decrease in net absorption and lowered rental rates. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ross Todd

Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected]. On Twitter: @Ross_Todd.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.