In the face of current events stretching back a few years, there's a new move in industrial CRE, according to a Newmark report. "Since 2020, hundreds of major new advanced manufacturing facility announcements have been made across North America, and with each comes investment, development, jobs and another step towards solidifying and expanding critical supply chains," they wrote.
The numbers are huge, with a minimum of initial investments in advanced manufacturing totaling $100 million since 2020 and about $400 billion in pledged future investments that will supposedly bring more than 210,000 new jobs and at least 250 million square feet of new industrial development by 2030.
Advanced manufacturing means two things in this case. One is the use of the latest technologies in materials control, artificial intelligence, robotics, and other tools to speed and improve how factories run.
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