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New supply levels for industrial space will reach historical highs this year, as an expected 261.6 million square feet comes online in 2021. 

New research from CommercialEdge shows that nearly 28 million square feet of industrial space has already been delivered so far this year, with another 337.8 million square feet under construction. An additional 361.3 million square feet are in the planning stages, and some experts predict it’ll take years for supply to catch up to demand.

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