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Booming demand for warehouse space, bolstered by the record 423.7 million square feet of industrial property under completion this quarter, could lead to significant labor shortages in the near term.

A new report from Newmark estimates that more than 280,000 additional warehouse workers will be required to support activities within new facilities currently under constructionand notes that employees from other sectors are increasingly shifting to these types of jobs. That’s particularly true for the warehousing and transportation sector, where approximately half of current employees previously worked in retail/wholesale and administrative services. 

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