Rare East Bay Industrial Site to Spring Up on 880

The site is home to the 1950s-built 328,000-square-foot former Kraft Foods plant.

SAN LEANDRO, CA—On the national development front, there is 215.6 million square feet of industrial product under construction. Although development remains strongest in major industrial markets, port cities and primary inland distribution hubs, nearly half of US markets currently have more than 1 million square feet under construction, according to Cushman & Wakefield research.

Moreover, there was 232.9 million square feet of industrial product delivered in 2016, with 73.6 million square feet of it being delivered in the fourth quarter. Typically such a robust development pipeline would rebalance supply and demand fundamentals, and elevate vacancy, but these are not typical times. Ecommerce continues to structurally alter supply chains and drive robust levels of leasing that continue to keep pace with deliveries, GlobeSt.com learns.