The Bratton Team

• CRE transaction volume plunged to $44.7B in Q2 2020, the worst quarterly performance since Q2 2009

• Net asking rents on industrial properties rose 1.0% quarter‐over-quarter and are up 6.3% year‐over‐year

• Prices on industrial assets grew by 1.7% in Q2 and are up 7.6% for the year

• Amazon has committed to opening 33 fulfillment centers in the US this year, equating to an additional 35M SF

• Simon and Brookfield look to convert vacant department stores to industrial use; in talks with Amazon

• Real estate investment funds raised $38B during Q2 2020, a 90% increase over Q2 2019