A supply chain crisis and severe labor shortages are creating mega challenges for developers—but industrial projects are pushing through. Demand for industrial space is so strong, and as a result the asset class remains "unencumbered" by labor shortages, according to Louis Archambault, an attorney at Saul Ewing Arnstein & Lehr.

"Labor and contractors are available for industrial build outs; the issue is cost. However, industrial real estate continues to be one of the most sought-after asset classes as third-party logistics, distribution and e-commerce companies continue to expand," Archambault tells GlobeSt.com.

Some developers are integrating new technologies to help to offset costs. "The industry has adopted and incorporated technology into its warehouse and distribution methods through the use of unmanned technologies, which can reduce labor costs," explains Archambault. "The use of technologies and automation allowed companies to mitigate the impact of potential labor shortages."