Industrial Mid-Year Report Q2 2020

Industrial Insider Mid-Year Report

OVERALL NET ABSORPTION 1.3MSF 7.7% 2.1 MSF 4.9MSF OVERALL VACANCY

COMPLETIONS

UNDER CONSTRUCTION

MARKET SUMMARY

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

63.0

65.7

70.4

74.0

76.1

79.3

83.1

87.1

89.2

Inventory (MSF)

Overall Net Absorption (MSF)

2.4

4.5

2.4

3.2

4.6

3.2

2.8

6.0

1.3

9.9% 6.8% 9.5% 9.7% 6.1% 5.8% 8.4% 6.1% 7.7%

Overall Vacancy

85,500

2.7

4.6

3.7

2.1

3.2

3.8

4.2

2.1

Completions (MSF)

Under Construction (MSF)

1.1

4.5

3.6

2.3

3.7

1.6

3.8

5.2

4.9

COMPLETIONS / NET ABSORPTIONS

VACANCY

HISTORICAL AVERAGE = 7.7%

NET ABSORPTION / COMPLETIONS

Historical Average = 7.7%

12.0%

7.0

6.0

10.0%

5.0

8.0%

4.0

6.0%

Millions

3.0

4.0%

2.0

2.0%

1.0

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

45