New Report: Ecommerce and Housing Construction Drive Demand for Industrial Space
2014 could be a banner year for industrial office space demand. Net demand for industrial space in the U.S. could reach 250 million square feet this year, surpassing the near-record level of 233 million square feet in 2013. That’s according to a report from the NAIOP Research Foundation. “Demand for all types of industrial space—warehouse, fulfillment/distribution center, manufacturing and flex—is robust,” explains Thomas Bisacquino, president and CEO of NAIOP, the Commercial Real Estate Development Association. “An intense increase in e-commerce has steepened the demand for distribution and fulfillment centers, and companies are gobbling up space as a result.”
This article in the Houston Chronicle offers highlights from the report and a look at one of the biggest cities in the U.S.
