Transwestern released its analysis of a decade of warehouse demand and then trying to understand its future. A story of a decade comes out immediately in a succinct summation:

“Since the end of the Global Financial Crisis in 2009, industrial real estate has been the most consistent asset class, due largely to the growth of e-commerce. Occupancy growth has outpaced delivery of new inventory in 10 of the past 12 years, and as of mid-year 2022, tenants have absorbed nearly 4.7 billion square feet (BSF) of industrial space in the U.S. during that timeframe, outpacing the 3.5 BSF of completed industrial real estate development.”


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Erik Sherman

 

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