Meanwhile construction costs continue to rise, as do industrial rents and e-commerce-fueled demand.

"While steel, plywood and other building materials are skyrocketing, industrial development continues to remain strong, currently exceeding 300 million square feet nationally, according to a new report by Avison Young. In addition, developers completed nearly 280 million square feet of new deliveries in the US in 2020."

 

Click here for the full story by GlobeSt's Les Shaver