US Industrial Development Starts Plunge by 40% in Fourth Quarter

By bhhsbowen January 9, 2023 CoStar News 0 comments

Developers of large new distribution centers abruptly pulled back on the number of new projects starting construction during the fourth quarter in reaction to higher costs for construction and labor, materials, and financing. Shown here is new distribution center under construction in Tolleson, Arizona. (CoStar)
Pullback in Construction Raises Likelihood of Distribution Space Shortages Returning