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%. 

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Phillip Bantz

Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.