U.S. Industrial Market Reaches New Records
The U.S. industrial market has accelerated at an unprecedented pace as pandemic-induced demand has reached all corners of the country. The necessity to deliver products to consumers as quickly as possible, coupled with the shift in supply chain strategies and governmental fiscal relief, provided the perfect storm to boost fundamentals, especially for big-box warehouse/distribution space. Transportation costs, typically the highest costs associated with distribution, continue to rise, prompting more companies to fine-tune their last-mile strategies to allow for more cost efficient deliveries by expanding their footprints closer to the end-consumer.
Download the Q3 2021 Industrial Market Outlook.