Industrial Mid-Year Report Q2 2020

Industrial Insider Mid-Year Report

OVERALL NET ABSORPTION UNDER CONSTRUCTION 1.4MSF 14.8% 5.2MSF 7.5MSF OVERALL VACANCY COMPLETIONS

MARKET SUMMARY

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

26.8

28.0

30.7

33.7

35.6

37.3

41.8

46.3

51.5

Inventory (MSF)

Overall Net Absorption (MSF)

1.4

1.4

1.4

1.3

2.5

4.0

1.6

5.1

1.4

8.9% 7.5% 11.2% 15.1% 12.4% 6.0% 9.7% 6.4% 14.8%

Overall Vacancy

0

1.1

2.7

3.0

1.8

1.7

4.0

4.0

5.2

Completions (MSF)

48,726

3.8

2.8

1.2

1.7

2.7

2.5

9.8

7.5

Under Construction (MSF)

VACANCY

NET ABSORPTIONS/COMPLETIONS

HISTORICAL AVERAGE = 9.5%

Historical Average = 9.5%

NET ABSORPTION / COMPLETIONS

16.0%

6.0

14.0%

5.0

12.0%

4.0

10.0%

8.0%

3.0

Millions

6.0%

2.0

4.0%

1.0

2.0%

0.0%

0.0

2012

2013

2014

2015

2016

2017

2018

2019 YTD 2020

2012

2013

2014

2015

2016

2017

2018

2019 YTD 2020

OVERALL VACANCY RATE

HISTORICAL AVERAGE

OVERALL NET ABSORPTION COMPLETIONS

Q2 2020

35