Access second quarter 2020 commercial real estate results for the industrial sector by downloading our report.
With the continued support of tailwinds like eCommerce, the market managed to keep solid footing through the first half of 2020. The U.S. industrial market finished the first half of 2020 at a moderately strong pace, absorbing 43.9 million square feet (msf) in the second quarter bringing the mid-year total to 89.8 msf of absorption. Net occupancy growth in the first half of the year is down year-over-year but absorption levels remained positive and will remain so heading into the second half of 2020. Despite the slow start to the year and increased concern around COVID-19 impacts, demand for industrial space won out.