The global forces affecting logistics real estate include less volatility, consumer service levels fueling demand and contracting new building deliveries.
A supply chain crisis and severe labor shortages are creating mega challenges for developers—but industrial projects are pushing through. Demand for industrial space is so strong, and as a result the asset class remains “unencumbered” by labor shortages, according to Louis Archambault, an attorney at Saul Ewing Arnstein & Lehr.
Landlords of warehouse and distribution properties may look to shorter leases to capitalize on burgeoning e-commerce-driven demand, with the pace at which average lease terms are shortening picking up major speed. A new analysis from Moody’s Analytics notes that pricing and fundamentals of the sector never decreased as a result of the pandemic, and instead
Miami-Dade County is among the Top 15 U.S. markets that have lagged behind in building new industrial space to meet demand, according to a recently released report from Newmark Group. “Pandemic-related labor disruptions” and “community pushback” against industrial development are to blame for the nationwide slowdown in new construction for logistics companies, according to the