While many companies are in a holding pattern, this is creating a buildup of latent demand that may rapidly reshape the market once conditions stabilize.
The demand is rising for flexible industrial spaces and short-term leases in key strategic areas as companies respond to shifting trade conditions fueled by tariffs and global economic uncertainty.
Under this initiative, maritime workers at the port are set to embark on a College Credit Certificate in Logistics and Transportation. The classes, shared with MDC students, plan to cover a wide spectrum of subjects central to supply chain management – from negotiation techniques to project management.
The industrial property sector is currently undergoing significant changes due to various factors such as technological advancements, changing consumer behaviors, and the global economic climate. These changes are expected to shape the future of industrial property, presenting both challenges and opportunities for real estate stakeholders.
The nation’s industrial real estate market is headed toward the closing months of 2022 with strong demand overcoming uncertainty about the course of the global economy. Leasing of logistics, manufacturing and warehouse properties has been hitting records during the third quarter as businesses and investors also build and buy industrial properties at near-record levels, analysts