With shipping and freight insurance costs rising significantly, US manufacturers are pivoting to be more local. This has the potential to profoundly impact all types of CRE in markets all over the country.
The electric vehicle industry is set to fuel demand for industrial real estate for years to come, predicts CRE research firm YardiMatrix. And major automakers have announced plans to produce EVs or batteries since the US Inflation Reduction Act brought in the subsidies, which require that the vehicles be made mostly in the US.
Any hope, faint as it might have been, that industrial supply would start to catch up with demand this year should be already dashed by now. The National Association of Realtors reported data through March 4, finding that industrial supply continues to lag demand. Namely, as of the beginning of this month, the vacancy rate
Foundry Commercial has proposed a distribution warehouse at Miami-Opa Locka Executive Airport, where the developer already completed a massive Amazon.com fulfillment center a few years ago. The Orlando-based developer filed a pre-application with Miami-Dade County for the 5.07-acre site near 14501 N.W. 57th Ave., on the west side of the airport. Foundry Commercial holds a