According to a new report from global investment management firm Colliers, big-box industrial product attracted the lion’s share of the record demand in response to the pandemic, and is largely what developers have been building during the ongoing cycle.
As evidenced by Prologis Research’s U.S. Industrial Business Indicator, a post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2. This will leave customers with dwindling options in many locations and size categories.