Scarcity Drives Unprecedented Industrial Space Demand
February 25, 2022
Peter Curry, real estate partner, Farrell Fritz, tells GlobeSt.com that the traditional way to determine the impending end of a particular real estate cycle is to count the percentage of new projects that are being attempted by first-time or inexperienced developers.
“Once untried investors undertake a significant portion of overall construction, it becomes clear that seasoned real estate professionals have decided that the market is too risky, pricey or both,” Curry said.
“Under that criterion, the demand for industrial space, and the race by seasoned developers to provide that space, remains in full swing. National and international real estate developers, and the funds that finance them, are acquiring desirable land in all areas of the United States to construct massive logistics centers and industrial parks.”
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