Industrial demand is expected to maintain a healthy pace, though likely not at the record set in 2021, according to CBRE’s Industrial Occupier Survey. Of the 100 U.S.-based respondents, 64% overall and 81% of third-party logistics companies plan to expand their real estate footprint over the course of the next three years, economic uncertainty notwithstanding. 
Food and beverage (75%) and building materials and construction (75%) companies also intend to expand their real estate footprints despite supply chain disruptions, labor shortages and high occupancy costs. 
“The U.S. industrial market is continuing to see robust demand, and companies are adding warehouse and distribution space to protect their inventories, diversify their supply chains and process growing e-commerce sales,” said John Morris, CBRE president of industrial & logistics in the Americas. “Even with a more challenging economic backdrop, we’re still seeing that companies are interested in expanding their footprints in the short-term.” 

The post Industrial Occupiers Plan on Needing More Space in Next Few Years appeared first on Connect CRE.

Gillian Executive Search is a leader in Industrial Development, Financing, Design and Construction recruiting.