After 2024’s big drop in project starts, this will be a year of adjustment, the latest CommercialEdge data shows.
The industrial sector is transitioning from its pandemic-driven boom,
with 2025 expected to bring further adjustments, according to the latest
CommercialEdge industrial report.
After a surge in development that added over 1.1 billion square feet in 2022-2023, supply slowed in 2024, with 358 million square feet delivered. The pipeline is shrinking further, with just 236 million square feet of starts recorded last year and little growth expected in 2025.
Meanwhile, development is shifting toward manufacturing and data centers rather than warehouse and distribution space. Manufacturing starts have totaled nearly 150 million square feet since 2022, driven by rising investment, though cuts to clean energy incentives could impact future growth...
RSK: This seems to indicate that a shift is going on from industrial/distribution to data centers and manufacturing.
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- - Volume: 25 - WEEK: 7 Date: 2/11/2025 2:10:22 PM -