"Manufacturing continues to move overseas due to lower production costs" and warehouses will soon follow that same path, says the founder/chairman of NAI Realvest Partners Inc., Maitland, FL. "Consolidation of distribution space into fewer, larger facilities continues."
Los Angeles, northern New Jersey, Chicago, Dallas and Atlanta are the hot spots for consolidations of supply chain and distribution centers, he says.
The broker predicts 500,000 sf to one million-sf distribution centers will be commonplace shortly. Ceiling heights in new product will be 34 feet to 36 feet, up from 24 feet to 30 feet in most existing properties. Cubic feet will replace square feet as the measuring stick for most warehouses in the newest big-box design trends.
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