The industrial property market in North America was going strong before the novel coronavirus COVID-19 pandemic disrupted the global economy—and the sector is still chugging along with no signs of slowing.
Before the coronarvius outbreak, the industrial market in the U.S. and Canada was healthier than it was ahead of the previous two financial crises, according to a report from Cushman & Wakefield.
The Chicago-based global commercial real estate services firm notes in the report that the pre-COVID industrial property vacancy rate in the U.S. and Canada was 4.9% and 2.8%, respectively. The overall vacancy rate in North America was 4.9%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Phillip Bantz
Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.
