Developers are completing an historic amount of new space this year, says JLL’s “Industrial Outlook 2017,” and tenants are moving in as soon as the buildings are going up.
The resounding strength of industrial tenant demand coupled with the tightest fundamentals yet experienced in the sector, the report said, continued to drive the sixth consecutive year of rent growth.
The construction pipeline continues to grow, led by a 29 percent increase of construction activity of build-to-suit properties (up from the fourth quarter), according to the report.
Read the article “U.S. Industrial Construction at Historic Level” at GlobetSt.com.