Industrial Mid-Year Report Q2 2020

Industrial Insider Mid-Year Report

OVERALL NET ABSORPTION 926 KSF 11.4% 0 SF 1.9MSF OVERALL VACANCY

COMPLETIONS

UNDER CONSTRUCTION

MARKET SUMMARY

2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020

17.2

17.6

17.6

17.6

17.6

18.0

18.5

20.6

20.6

Inventory (MSF)

Overall Net Absorption (MSF)

612,735 542,836 401,271 (53,877) (177,433) 657,499 207,070

1.1

926,043

12.0% 10.9% 8.7% 9.0% 10.1% 8.2% 10.1% 15.4% 11.4%

Overall Vacancy

0

398,162

0

0

25,755 351,874 520,666

2.1

0

Completions (MSF)

Under Construction (MSF) 398,162

0

0

25,755 351,874 877,230

1.9

1.5

1.9

COMPLETIONS / NET ABSORPTIONS

VACANCY

HISTORICAL AVERAGE = 10.6% Historical Average = 10.6%

NET ABSORPTION / COMPLETIONS

18.0%

2.5

16.0%

2.0

14.0%

12.0%

1.5

10.0%

8.0%

1.0 Millions

6.0%

0.5

4.0%

2.0%

0.0

2012

2013

2014

2015

2016

2017

2018

2019 YTD 2020

0.0%

2012

2013

2014

2015

2016

2017

2018

2019 YTD 2020

(0.5)

OVERALL VACANCY RATE

HISTORICAL AVERAGE

OVERALL NET ABSORPTION COMPLETIONS

Q2 2020

65