The Industrial Real Estate Surge Explained

Before the pandemic, industrial real estate demand was largely balanced by supply and demand dynamics. However, between 2020 and 2021, demand surged as companies adjusted their supply chains and e-commerce businesses expanded to accommodate the spike in online shopping driven by Covid-19. In just two years, rental rates in key U.S. markets increased by 30% to 50%, reflecting the intense competition for the diminished supply (Forbes, 2024). To give more insight into this intense competition for industrial space, we’re talking to two industry experts: Adam Nourafchan, Managing Partner and Founder, Lunada Rose Partners and Kelsey Nastasi, Manager, Industrial Research, JLL.