The cost to develop multistory warehouses continues to be higher than a more traditional industrial box, one reason why taller warehouses are likely to remain a fairly niche part of the market and concentrate in the nation’s densest cities.
Aided by strong supply, consumer spending and other economic indicators, the North American industrial sector is projected to remain one of the leading commercial real estate product types over the next two years, according to Cushman & Wakefield. The firm’s forecast for industrial absorption for 2020-2021 is nearly 460 million square feet, as new supply finally surpasses
According to a new CBRE report, Miami is among one of the most favorable markets for multistory industrial development due to high land prices, dense population and high concentration of e-commerce shoppers. CLICK ON THE HEADLINE FOR MORE