The rise of e-commerce has strengthened demand for new facilities, and industry experts expect that momentum to continue. Demand remains extremely strong for the construction of warehouses and distribution centers, and that should continue in 2022, according to industry experts.
Not only does he anticipate the same level of activity in the sector as was seen in 2021, he expects vacancy rates to remain at historic lows, with rents continuing to rise at a quick pace. There is a steady flow of distribution and warehouse projects happening in early 2022, Mike Jones, project executive at Pankow Builders told Construction Dive, a California-based construction engineering company.
Major transportation corridors near large metropolitan areas such as San Francisco, Dallas, New York, Seattle, Miami, Houston and Chicago, continue to be “hot markets for the distribution and warehouse space,” said Jones.