CHICAGO—Industrial andsupply chain real estate occupiers and investors alike experienceda record-breaking year in 2015, and according to a newJLL survey, should expect this trend to continuewell into 2016. The Chicago-based company says strong demand forlogistics facilities should remain consistent globally during 2016and rental growth should also continue across all markets of theworld in 2016 and through 2017.

"Last year was like no other year on record, with historicallyhigh amounts of capital flowing into prime logistics real estate inkey markets around the world, and there continues to be robustleasing by corporate tenants," says Craig Meyer,president, industrial brokerage and capital markets, JLL Americas."Last year was a peak year, and although investor and occupierdemand may not reach those unprecedented highs, all forecastspredict that and we will have another great year overall."

JLL surveyed 650 logistics real estate experts from across theglobe, and found that most expect occupier and investor demand toremain healthy in many markets. The respondents also predict thefollowing:

• Supply: The available supply will continue tocontract, but developers will also add more class A product to themarket. However, in 2016 demand will continue to exceed the supplyof sophisticated supply chain real estate. Supply will probablyincrease in the Asia Pacific region, while the Americas remainslightly undersupplied, and EMEA reaches close-to-marketequilibrium in the next six months.

• Rental Rates: Rent growth will continue,especially in EMEA and Asia Pacific. Rent growth was significant inall three major regions, particularly in the Americas. More thanhalf of respondents from the Americas predict that rents will peakin their region in late 2016.

• Investor Demand: Demand for supply chainproduct will remain high. Demand for this real estate wasextraordinarily high in JLL's 2014 survey, with a global positivebalance of 74%, scored by the net of positive or negative responsesas a percentage of all answers. In this survey that number droppedto 57%, but the responses still show that investors remain veryattracted to the sector. Investor demand for the Americas remainedunchanged in 2015, while demand dropped significantly in EMEA andAsia Pacific. Most respondents anticipate that property values willpeak in the second quarter.