Anthony Crivello

Building Material Shortages Keep Stalling New Industrial Real Estate Inventory

U.S. warehouse vacancy remains at all-time lows, with estimates placing national vacancy below 4%. Meanwhile, e-commerce sellers, traditional retailers, manufacturers, and other industrial stakeholders are all competing for new space as it becomes available. The natural response in this situation involves building more warehouses and factories, but that solution is easier said than done. A variety of factors have created difficulties for builders as they attempt to access the materials they need. Supply chain disruptions have driven the cost of non-residential building materials up by ... Read More

Over 500 new jobs coming to Wetumpka

First published by The Wetumpka HeraldPortions of a Wetumpka building vacant since 2013 will see life again.Gov. Kay Ivey announced Thursday Los Angeles-based BELLA+CANVAS will invest $11.9 million to establish an operation in a building once operated by Russell Corp.“The decision by BELLA+CANVAS to locate its high-tech cutting facility in Wetumpka is welcome news for Elmore County and for Alabama,” Ivey said in a statement. “Not only will the company’s growth project spark the creation of a significant number of jobs, but it also underscores ... Read More

Will Multi-Story Warehouses Become the Norm?

As consumer shopping habits keep shifting online, the industrial real estate sector has struggled to keep pace. The e-commerce boom drove a shortage of 300 million square feet of warehouse space by the end of 2021, while global supply chain disruptions have continually slowed the development of new inventory. Even when building materials become readily available again, it will most likely take several years to clear the backlog of warehouse projects and provide enough new warehouses to meet market demands. The warehouse challenge becomes even ... Read More

Go to Top