Industrial developers would be wise to plan ahead—and carefully—as materials constraints continue to plague the building process and elongate delivery timelines. But one thing they shouldn't do? Delay construction.
"Do not delay construction," Cushman & Wakefield's researchers say in a new analysis. "Demand will drive rents, which will mitigate construction and capital costs. Inflation is always a risk with labor and materials."
The Cushman team advises developers to secure long lead items well ahead of time. That includes roofing, panels, structures, and piping. And once site plans are approved, developers should use design-build firms or experienced design pros to order steel based on their building's layout: "scrap steel does not typically work for new construction and will waste time and resources," they note.
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