Amanda Ortiz National Director, Industrial Research amanda.ortiz@colliers.com
In a year marked with struggles and uncertainty due to a global pandemic and domestic political unrest, the U.S. industrial sector flourished against all odds.
E-Commerce Demand Fueled Bulk Activity in 2020 Largely fueled by the continued growth of e-commerce and occupiers’ commitment to maintaining a diverse supply chain, demand for industrial bulk space (100,000 square feet and greater) remained remarkably high. As evidence of the need for warehouse and distribution space, U.S. occupier activity in bulk industrial space
JANUARY 2021
totaled nearly 398.9 million square feet at the end of 2020, down just 5% from the
16
record-setting 420.4 million square feet transacted at the end of 2019. A further indication of the increased need for bulk space lies in the rising size of occupier transactions. The average size of a bulk transaction was roughly 283,000 square feet, up 16% over the average size of 245,000 square feet in 2019.
