There’s little dimming the outlook for the industrial sector, according to our latest study on the sector.

Neither ongoing international trade disputes, nor the warning signs of a potential recession, nor the uncertainty that’s emanating from a particularly fraught U.S. presidential election year are enough to dim the enthusiasm for the industrial real estate sector, according to the findings in NREI’s sixth annual study.

In our 2019 survey, sentiment was also strong for industrial fundamentals across the board, but there were some signs of trepidation, with bullishness on many metrics a tick below where it had been in previous years. This year that sense of caution has evaporated. The unexpected shift to an economic climate with falling interest rates has served as a boost to all commercial real estate sectors and industrial is no exception to that trend.

One respondent wrote, “The momentum that has happened fuels even further expansion. The sight of a completed project stimulates the vision of more.” Another described the industrial sector’s conditions as “markets are not overbuilt, capital is available, the fundamentals of the overall economy are still strong and the retail shift to efficient delivery model is still in early stages.”