Austin Ranked #9 in the Top 20 U.S. Metros Logistics Facility Investment
Logistics refers to the warehousing, transportation, supply, and movement of goods from one place to another. And the Covid-19 pandemic also affects the performance of logistic facility projects. However, many U.S. metro areas have overcome the three torturous years of delivering goods and materials to isolated areas. John Morris, CBRE president of Industrial & Logistics in the Americas, said, “The U.S. industrial market is continuing to see robust demand, and companies are adding warehouse and distribution space to protect their inventories, diversify their supply chains and process growing e-commerce sales. Even with a more challenging economic backdrop, we’re still seeing that companies are interested in expanding their footprints in the short-term.”
Austin Ranked #9 in the Top 20 U.S. Metros Logistics Facility Investment with 79 projects. CBRE reported, “Of the survey’s 100 U.S.-based respondents, 64% overall and 81% third-party logistics (3PL) companies plan to expand their real estate footprint over the next three years. In addition to 3PLs, food and beverage (75%) and building materials and construction (75%) companies also intend to expand their real estate footprints in the face of supply chain disruptions, labor shortages and high occupancy costs. In keeping with the rankings charts featured here, markets most favored for expansion in the next one or two years are in the Southeast, Southwest and Midwest. As for specs, occupiers identified the following critical features when selecting a facility or site: Clear Height 81%, Number of Loading Bays/Dock Doors 76%, Power Supply 56%, Capacity for Expansion 43% and Column Spacing 42%”.
Post a Comment