The pandemic has spelled bad news
for many businesses and people. Industrial is not among that list. Instead,
this sector has soared to new heights,
with no signs of slowing down.
“This has been one of the most successful years that I have experienced
in my more than 40 years in service to
the industry,” says Rick John, executive vice president of DAUM Commercial Real Estate Services in Ontario, Calif. “The industrial sector has
continued to perform exceptionally
well throughout the pandemic. Business has essentially been full speed ahead since summer, following the
first couple months of uncertainty
when industry players took a step
back to review and assess the market
thought process.”
One needs to only look as far as the
Inland Empire — the most robust industrial market in the country — to
see how this product type has fared in
2020. This region is on track to complete (as of press time) more than 100
transactions on buildings with more
than 100,000 square feet in 2020. This
would surpass the 92 transactions it
recorded in 2019, which was a record
year.
“In 2021, we expect this trajectory
will continue to
accelerate,” John
continues. “A lack
of inventory will be
our only obstacle
to sustaining this
growth down the
line.”
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