More than 780 million square feet of warehouse space will hit the market by the end of 2019, with developers and owners looking to take advantage of a 9.8 percent year-over-year annual growth rate in rents, according to Cushman & Wakefield’s latest North American Industrial Forecast Report.
Activity won’t be spread evenly across the country; just 10 percent of the markets will account for 42 percent of the total net absorption (655 million square feet) to be registered in North America through 2019.
Cushman & Wakefield’s findings are based on Moody Analytics data that indicate the market is being pumped up by online retailers’ demand for fulfillment operations space.

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