flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Construction of industrial space continues robust growth

Codes and Standards

Construction of industrial space continues robust growth

Rents continue to rise as over 600 million sf is in planning stages
 


By Peter Fabris, Contributing Editor | April 4, 2022
Construction Industrial Space
Courtesy Pixabay
Construction and development of new industrial space in the U.S. remains robust, with all signs pointing to another big year in this market segment.
 
According to a report by CommmercialEdge, 592.5 million square feet of industrial space was under construction nationwide by the end of February, amounting to 3.5% of existing stock. Over the past six months, the amount of industrial space grew by more than 90 million sf.
 
About 626 million sf of new development was in the planning stages, CommmercialEdge reported. Rising rents have supported this action. The national average for in-place industrial rents across the top 30 U.S. markets reached $6.45 per sf in February, marking a 4.4% year-over-year increase.
 
The rest of 2022 continues to look strong in the industrial space. Nationally, transactions totaled nearly $9.1 billion in the first two months of the year. “This strong start is a clear indication that investor interest in industrial properties is anything but abating, given that the first quarter of a year is typically the slowest for commercial real estate transactions,” CommmercialEdge says.

Related Stories

| Feb 6, 2013

BOMA favors voluntary energy benchmarking and disclosure, opposes mandates

The Building Owners and Managers Association (BOMA) International announced support for voluntary energy benchmarking, but said it opposes mandates for benchmarking, disclosure, and labeling that many states and municipalities are implementing.

| Feb 6, 2013

Lumber Standard Committee approves new Southern Pine design value changes

The American Lumber Standard Committee Board of Review has approved the Southern Pine Inspection Bureau’s design value changes for all sizes and grades of visually graded Southern Pine dimension lumber.

| Feb 6, 2013

CEIR seeks public input on draft of PV racking and attachment document

The Center for Environmental Innovation in Roofing (CEIR) has released the first public draft of PV Racking and Attachment Criteria for Effective Low Slope Metal Panel Roof System Integrationfor an initial round of public comment.

| Feb 6, 2013

Insurance Institute demonstration shows advantages of following wind resistance standards

A demonstration by the Insurance Institute for Business and Home Safety shows how powerful winds affect concrete-and-steel buildings built with different techniques.

| Jan 31, 2013

Proposed ASHRAE legionellosis prevention standard open for third public comment

Changes to a proposed ASHRAE legionellosis prevention standard associated with building water systems are open for public comment.

| Jan 31, 2013

More severe wind storms should prompt nationwide reexamination of building codes, says insurance expert

The increased number and severity of storms with high winds nationally should prompt a reexamination of building codes in every community, says Mory Katz, vice president, Verisk Insurance Solutions Commercial Property, Jersey City, N.J.

| Jan 31, 2013

California Building Standards Commission adopts 2013 code update

The California Building Standards Commission adopted the new 2013 state standards code that includes new energy code provisions, accessibility standards, green building and water use modifications.

| Jan 25, 2013

D.C. authority wants to halt sewer tunnel projects while investigating green stormwater alternatives

The District of Columbia Water and Sewer Authority has proposed suspending a tunnel-building project.

| Jan 25, 2013

Energy modeling needed to overcome ‘plug load problem’ to meet high green standards

Plug loads illustrate how much end-users impact overall building energy use.

| Jan 25, 2013

ASHRAE publishes revised filtration standard, combines Standard 52.1 and 52.2

A newly revised filtration standard from ASHRAE combines two standards aimed at improving the technical accuracy of filter testing.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021