Chart of the Day: Industrial property supply to weaken in 2021 | / Property news / Chart of the Day: Industrial property supply to weaken in 2021

Chart of the Day: Industrial property supply to weaken in 2021

Fresh property news selection on February 27. 2020, Thursday.

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Factory spaces may account for three-fourth of the overall supply.

This chart from Colliers shows that the supply of industrial spaces is projected to taper off to around 6.9 million sqft (642,000 sqm, net), after doubling in 2020 to 20.2 million sqft or about 4% of total stock.

However, the supply is also expected to recover in 2022 to 13.7 million sqft (1.3 million sqm, net). About 76% of the industrial supply in the five-year period 2020-2024 could be factory spaces.

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