After a period of overcapacity, demand for industrial space, including warehouses and manufacturing facilities, is growing, and lease rates are rising as a result. Companies therefore need to be more careful than ever as they weigh a variety of factors when considering distribution network design and investment.
This piece summarizes valuable reshoring and nearshoring insights from a recent discussion between JLL Industrial’s Executive Managing Director, Greg Matter, and Senior Vice President Ada. It discusses the trends, benefits, challenges and other factors U.S. manufacturers should know as they consider bringing their own operations and facilities stateside.
Are you evaluating your next warehouse facility or considering lease renewal? JLL's warehouse lease renewal checklist provides a comprehensive guide to simplify your decision-making process.
Challenge: An innovative clean energy startup needed a manufacturing site that could accommodate its growth and allow it to scale production as demand for its groundbreaking product takes off.
Low interest rates, healthy consumer spending and strong e-commerce are forming good conditions for industrial and logistics real estate growth in 2017, says JLL, an investment management firm that offers real estate services. Potential investment in infrastructure and continued company expansion are also expected to fuel demand for warehouses and distribution centers despite global economic uncertainty.
Industrial and supply chain real estate occupiers and investors alike experienced a record-breaking year in 2015 and should expect this trend to continue well into 2016, according to a JLL logistics survey report. Strong demand for logistics facilities is expected to remain consistent globally during 2016. Rental growth is projected to continue across all markets of the world in 2016 and through 2017.
Distribution centers near the nation's top seaports are bursting with consumer goods and other cargo - and that's before the Panama Canal extension opens next spring. Distribution center and warehouse occupancy levels have reached historic highs, while expensive construction and labor costs keep new development sparse in many seaport industrial real estate markets.