Investors indicate that the U.S. industrial market continues to fare better than the European, Asian and Canadian markets. According to Real Capital Analytics (RCA), U.S. industrial sales volume totaled $47.0 billion in 2013, up 15.5 percent from 2012. The warehouse sector continued to dominate transactions, with sales of warehouse properties increasing 24.4 percent in 2013 on $32.9 billion of sales volume. Portfolio transactions totaled $10.8 billion in 2013, down 7.1 percent from last year.
Chicago was ranked on top in both investment and user sales with 26.7 million square feet (msf) and 12.5 msf, respectively. However, New Jersey investment activity reached an all-time high during 2013, with 20.0 msf of industrial product changing hands. Some of the most active buyers and sellers in terms of sales volume in 2013 included Duke Realty, KTR Capital Partners, Industrial Income Trust (IIT), Blackstone Realty Advisors, Lone Star Funds, Stag Industrial, Inc., KBS REIT II, IndCor Properties, USAA Realty Company, TA Realty, ProLogis, Rexford Properties, Liberty Property Trust and Brookfield Asset Management.
Source : Cushman & Wakefield