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

Codes and Standards | May 12, 2021

White paper examines how to reduce pathogen transmission in ventilation

Pressure barriers and airflow distribution can be effective in existing buildings.

Codes and Standards | May 11, 2021

Pressure builds on White House to rein in cost of lumber

Spike in prices has added nearly $36,000 to price of average new home.

Codes and Standards | May 11, 2021

Residential codes should be upgraded to protect from cooking pollutants

Report examines ventilation standards, calls for increased public awareness of issue.

Codes and Standards | May 6, 2021

Blue roofs can provide relief to overwhelmed stormwater systems

Benefits most evident in industrial commercial areas.

Codes and Standards | May 5, 2021

Majority of schools took steps to improve air quality during pandemic

Districts still have unmet needs, face high costs and outdated building infrastructure.

Codes and Standards | May 3, 2021

Fire stops critical to preserving three-decker housing

Old multi-family structures continue to provide badly needed homes in urban zones.

Codes and Standards | Apr 29, 2021

Dept. of Energy publishes energy savings analysis for ANSI/ASHRAE/IES Standard 90.1-2019

More than 4% savings for commercial buildings found for the updated code.

Codes and Standards | Apr 28, 2021

Building-integrated solar power turns buildings into power plants

Multiple alternatives could replace or complement rack-mounted PV arrays.

Codes and Standards | Apr 27, 2021

Ten real estate groups sign on to New York State’s high-rise decarbonization challenge

Each signee commits to carbon neutrality in one or more high-rise buildings it owns.

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