Led by a
rebound in
consumer spending, business inventory restocking, and a resurgence of U.S. trade volume and manufacturing production since 2010, the industrial
real estate sector has benefited from recovering fundamentals and, we believe, is poised to continue its improvement.
After softening this quarter,
real consumer spending is expected to
rebound early next year amid a tightening labor market and a renewed decline in gasoline prices, helping to offset persistent economic headwinds.