CBRE research shows ongoing demand leads construction of new warehouses
CBRE reported that there is more than 255 million square-feet of warehouse space under construction, with 70.2% of it being speculative. What’s more, CBRE said that based on data issued by CBRE Econometric Advisors, going back to 2015, warehouse demand has outpaced new construction completions by 169 million square-feet, with rents up 19.2% over that same period. Source: logistics Mgmt
