Presented in a new, interactive format, the Industrial Logistics & Transportation Solutions 2017 Midyear Big-Box Review and Outlook offers an overview of North American big-box activity in the first half of 2017 and insights into seven major markets and seven secondary markets:
- Dallas-Fort Worth
- East Bay-Central Valley
- Eastern Pennsylvania-Southern New Jersey
- Inland Empire
- Kansas City
- Northern-Central New Jersey
Key takeaways from this report include:
- Driven by the growth of e-commerce, the North American big-box sector kicked off 2017 with vacancy rates at all-time lows and asking rents and under-construction product at all-time highs. At midyear 2017, leasing activity and net absorption are near the pace of the same period in 2016.
- On the investment side, big-box capitalization rates remained at a record-low 5% in the first half of the year. While demand remains strong in core markets, the decreased amount of big-box product to purchase in these areas has pushed investors into secondary markets.
- As we look ahead, the big-box sector seems poised for continued growth because of a strong U.S. economy, robust seaport activity and the rise of e-commerce, which should keep fundamentals strong for the foreseeable future.
For more insights, explore the Industrial Logistics & Transportation Solutions 2017 Midyear Big-Box Review and Outlook.