An in-depth outlook at the 2021 Midwest industrial market. Analysis includes regional findings and local markets overviews.
December 17, 2020
Industrial real estate is currently being labeled as the darling of the commercial real estate sector. Warehouse demand has been climbing sharply over the last five years with significant investment expected in the future due to shifting consumer habits and evolving supply chain dynamics. JLL Research forecasts that over 1 b.s.f. of additional warehouse product will be needed across the country to accommodate e-commerce demand.
The Midwest is experiencing a surge in industrial investment. As warehouse demand continues to rise, Midwest markets are seeing an unprecedented amount of investment from tenants, developers, and investors that may have once considered the region “fly over country.” Our 2021 Midwest Industrial Outlook confirms that Midwest markets are officially on the map of major institutional players, and more are destined to follow.