The frenetic pace of industrial demand has been the subject of much discussion as of late, with experts and occupiers alike fretting over whether the pipeline of new product under construction will be sufficient to offset that pressure.
"Industrial markets across North America have been under intense pressure with little new supply and unprecedented demand over the past two years," said Carolyn Salzer, Americas Head of Logistics & Industrial Research for Cushman & Wakefield. "This has put upward pressure on rents and driven demand for development land."
But Salzer and her team of researchers predict increased supply in 2022 will help allay demand pressures. New research from Cushman & Wakefield suggests a projected 855 million square feet (msf) of absorption and new supply of industrial properties at 932 msf in 2022.
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