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