July 2, 2020
The industrial real estate sector showed significant gains the new development, building acquisitions and deal activity, according to the most recent NAIOP survey tracking the commercial real estate industry’s response to the ongoing COVID-19 pandemic.
The Washington D.C.-based organization reported that industrial real estate remains the strongest sector (compared to office, multifamily and retail) for reported activity, with the share of respondents to the survey observing new industrial development more than doubling since April (from 18.5% to 43.2%) and 70.7% of respondents witnessing industrial building acquisitions.
“The pandemic has fundamentally changed the ways that we work, shop and live. For e-commerce, this means a greater dependence on the delivery of products and higher demand for the industrial/warehouse sector,” said Thomas J. Bisacquino, president and CEO at NAIOP.
Read full NAIOP survey here.
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