C&W Industrial Research MarketNote: Boom in New Development Increasing Industrial Land Values

C&W Industrial May 27KEY TAKEAWAY

Improved market fundamentals and tight vacancies continue to increase the amount of new construction across the U.S. with over 119.5 msf under construction at the end of the first quarter, up 83.0% compared to the same period a year ago. Dallas/Fort Worth, which is leading the nation in new development, is especially notable with 16.5 msf currently under construction. Increased construction is putting upward pressure on industrial land prices and most major markets posted significant increases in land value in the last five years.

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