Industrial Spec Development Up, Delivery Down: Supply Chain, Labor Shortages Crimped Pipeline In 2021
Deliveries of speculative construction industrial warehouses larger than 100,000 square feet dropped significantly in 2021, according to a recent report from Newmark. Around 80 of these warehouses were delivered across 23 major markets in 2021 — down from about 110 in 2020. CLICK ON THE HEADLINE FOR MORE